EUR/AUD has reached a good buying area at 1.4520, where we expect a strong bounce up to 1.4700. We can see that the MACD has crossed above its descending resistance-turned-support line and displays a bullish divergence vs the price, signalling a good bounce from here. 1.4700 is our major resistance we're playing because of it being a fractal resistance level (graphical overlap + fibonacci retracement + fibonacci projection).
Trading Recommendations:
Buy now and above 1.4520
Stop loss at 1.4370
Take profit at 1.4700
