EUR/AUD Technical Analysis: Upside could soon gather traction

• The EUR/AUD 15-minute chart shows a bullish price-relative strength divergence (RSI).
• Indicates the pair could rebound from 1.5451 (5-day moving average) and rise to 200-day moving average of 1.55.

15-minute chart

Spot Rate: 1.5457

Daily High: 1.5489

Daily Low: 1.5443

Trend: Bullish

Resistance

R1: 1.55 (200-day moving average)

R2: 1.5558 (June 8 high)

R3: 1.5606 (38.2% Fib R of April 25 - June 4 drop)

Support

S1: 1.5453 (100-hour moving average)

S2: 1.5419 (200-hour moving average)

S3: 1.54 (psychological support)