Clearly EUR/AUD is trending down but according to our Fibs applied to the channel breakout point, the pair is yet to test the nearest support at 23.6% Fibs (1.4366).
Consider holding short positions from 1.4730 or adding new short positions at the current rate (1.4440) targeting 23.6% Fibs (1.4365). Stop loss should be well above the 1.4500 psychological resistance.
Support: 1.4365
Resistance: 1.4505, 1.4618
