EUR/AUD and EUR/NZD pairs show short-term bull setup
|EUR/AUD is recovering, so for now we are observing a minimum three-wave A/1-B/2-C/3 rally away from that 1,6, with more upside potential in weeks ahead, up to 1,66 area after wave B/2 pullback.
It may actually have a completed an a-b-c pullback within wave B/2 in the 4-hour chart, so be aware of a continuation higher within wave C or 3, at least up to 1,6630 area.
EUR/AUD four-hour chart
EUR/NZD four-hour chart
EUR/NZD made an impulsive drop from the beginning of August till end of September, so more weakness is expected, but after a three-wave A-B-C corrective recovery that can retest 1,83 - 1,84 resistance area.
It seems to have a completed projected a-b-c corrective setback in wave B at first 1,78x support area, so watch out for a continuation higher within wave C towards 1,83 – 1,84 resistance zone.
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