The EUR/AUD pair formed a double top pattern.
However, after a strong bearish rally, it is currently at its supportive trend line.
Hence we expect the pair to pullback to its resistance level of 1.60000.
However, after a strong bearish rally, it is currently at its supportive trend line.
Hence we expect the pair to pullback to its resistance level of 1.60000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.