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Supports: 1.1545; 1.1487; 1.1460
Outlook
Although RSI indicator remains neutral, the bearish reaction, which started yesterday. continues, and now EUR/AUD managed to break through the lower Bollinger band at 1.1676, and presently the price is moving towards the weekly S2 at 1.1545, which might slow down the downtrend. In case it is breached, then next support at 1.1487 (weekly S3) will probably reverse the direction of the prevailing tendency. Current resistances are at 1.1676, 1.1743 and 1.1827 and seem to be secure at the particular moment.
Traders' sentiment
SWFX market participants have mixed feelings about the EUR/AUD currency couple, as 48% of traders hold bullish positions and 52% of traders hold bearish positions. However, the orders are distributed in a different manner, since almost 71% of traders ordered to sell and only 29% ordered to buy the single European currency.