EUR/AUD: 4-hour
EUR/AUD has been pacing back and forth inside its range on the 4-hour forex chart, as it found support at the 1.4400 major psychological level and resistance at the 1.4550 minor psychological level. Right now, the pair appears to be making a bounce off the range support once more, with stochastic moving out of the oversold area and indicating that buyers are in control. This could mean that the pair has enough energy to head back to the top of the range to test the resistance once more.
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