EurAud- 1.63 zone remain my focus

20 Sep 2023

In my 13 September post regarding EurAud, I wrote that a top could be in place and the pair could drop under horizontal important support. This happened the next day and on 15 September, the pair made a low of around 1.6450.
Now EurAud is in a normal up-correction and this could offer a good opportunity for sellers to enter the market at a better price.
In conclusion, rallies above 1.66 should be sold with the same 1.63 zone target and negation above the new resistance.