For the pair EUR/AUD, we failed to hold above the resistance level of 1.6368 today, which was a necessary condition for a northward price reversal. As a result, the EUR/AUD pair has already moved quite far away from this level, currently trading at a price of 1.6309. Therefore, I believe that now there will be a continuation of the price decline and a test of support at the level of 1.6246 on the four-hour timeframe. I will only expect a return back to the resistance at 1.6368 from the level of 1.6246, which will be a second chance for buyers to turn the EUR/AUD pair northward, ultimately moving above the level of 1.6368.
