FX.co ★ Overview of EURAUD on October 13, 2020

The H4 chart shows a strong buying force in the new supply zone. With the support of Stochastic in the Daily and H4 charts, the currency pair is expected to increase at least to the resistance at around 1.660. In the long term, the price can break the resistance and go further.

It is recommended to wait until the price returns and buy at the demand zone between 1.633 and 1.637 placing stop loss below this demand zone.