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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURAUD 22.12.2022

Technical Analysis
Thursday, December 22, 2022 - 10:39
Point Trader Group
EURAUD 22.12.2022

Main trend: 

Conditionally bullish.

Expected scenario:

The pair is trading above a strong support level around 1.5680, which enhances chances of a rise to 1.6000.

Alternative scenario:

Breaching the level of 1.5680, would open the door for further downward movement towards 1.5412.

The most important levels

Resistance: 1.5900 – 1.6000

Support: 1.5680 – 1.5412

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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