EURAUD: Is Getting Ready To Start a Downtrend

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EURAUD: Is Getting Ready To Start a Downtrend

From our previous analysis, it seems that EURAUD is about to complete the expected correction. It is not a clear correction, but it is still a correction.

The AUD reported good GDP data last week, showing that the economy is back on track. On the other hand, the Eurozone is also facing some problems with its second largest economy.

🟢France's parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone's second-largest economy - Reuters


If EURAUD breaks below the current pattern, the likelihood of a deeper decline increases.

Key support zones to watch are:
1.7690
1.7530

You may find more details in the chart!
Thank you and Good Luck!

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