EUR/AUD may rise 76 - 106 pips.

EUR/AUD may rise 76 - 106 pips.

Our pivot point is at 1.6422.

Our preference : The upside prevails as long as 1.6422 is support Alternative scenario Below 1.6422, expect 1.6372 and 1.6343.

Comment : The RSI is above its neutrality area at 50.

The MACD is above its signal line and positive.

The configuration is positive.

Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6466 and 1.6471).