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Based on our previous analysis EUR/AUD is expected to continue the downtrend to test 0% Fibs (1.4365) after breaking below the 23.6% Fibs support.
The final wave down can take place this week and therefore consider selling EUR/AUD at the current rate (1.4315), targeting 1.4140. The stop loss should be just above the nearest resistance at 1.4365
Support: 1.4340
Resistance: 1.4365, 1.4505, 1.4618
