The long term trend for EurAud is down and, after correcting exactly in 1.56 resistance, the pair seems to resume its downward trajectory.
At the time of writing the pair is trading at 1.5440 and is just in confluence support.
I believe this support will fall and rallies should be sold
A break above resistance would negate this scenario
Chart PatternsEURAUDeuraudanalysiseuraudbearisheuraudforecasteuraudselleuraudshorteuraudtradeTechnical IndicatorsTrend Analysis

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