FX.co ★ EUR/AUD

Hello traders, in the currency pair EURAUD, the price has remained within a range with boundaries near the levels of 1.6675 and 1.6785. Buyers attempted to bounce off the lower boundary, but lacked strength, continuing to keep the price near support. Let's see how the new week starts, maybe some surprise will be thrown again and disrupt all plans right away. If sellers secure below 1.6675-1.6665, it may lead to a decline towards 1.6630 and 1.6600. Further consolidation below 1.6600 could gradually push the price down to 1.6540, 1.6480, 1.6420, and 1.6355. If breaking out of the current range downwards is not possible and buyers manage to hold above 1.6725, then the EURAUD price could move towards 1.6755 and 1.6785. Securing above 1.6785 will open the way for bulls towards 1.6815 and 1.6845, and further prospects will need to be assessed based on actual developments.