Recently, the EURAUD currency pair reversed upward from the resistance of 1.4370. (which stopped the sharp downtrend in April)
The short-term downward impulse wave 3, which is a part of wave (3) from the start of August, was stopped by the upward reversal from the support level 1.4370.10.
The MACD line is about to break the signal line and the MACD bars have already turned light red. Also, when the RSI goes below 30, it indicates that the asset is oversold and the downtrend is likely to end.
Harmonic Shark pattern is signaling a bullish trend

• There is resistance 1.43634 followed by resistance at 1.43303 and 1.42926.
• There is support at 1.43959, Below, there is 1.44500 and 1.45803.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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