Technical Talk:EUR/AUD 10-05-2019

EUR/AUD Aims Lower, while AUD/USD Can Face A Bigger Bullish Turn!
Our preference: short positions below 0.7005 with targets at 0.6980 & 0.6965 in extension.
Alternative scenario: above 0.7005 look for further upside with 0.7020 & 0.7040 as targets.

Comment:

In risk-on mode EURAUD may see a drop which turned down from interesting resistance, but still have to see lower trendline of an ending diagonal broken to confirm a top in place.
This pair may come in play when AUDUSD completes wave five which is not the case yet…

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