The EUR/AUD has formed a regular bullish divergence exactly at D L3 support.. The double top could break to the upside and 1.5370-80 could be a breakout zone which could spike the price up to 1.5410, 1.5440 and 1.5485. The pair has already break below W L5 and while its capped above 1.5340 we could see a retest. For intraday targets 1.5439 and 1.5457 is the zone should the price proceed above the breakout point.
- H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
- W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
- D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
- D L3 – Daily Camarilla Pivot (Daily Support)
- D L4 – Daily H4 Camarilla (Very Strong Daily Support)
- PPR – Progressive Polynomial Channel
- POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
