EURAUD consolidates near support & ascending channel’s higher low which leads to -725 Points
EURAUD Analysis:
EURAUD reached the higher low area of the major ascending channel in the higher timeframe daily chart
In the 4-hour timeframe, EURAUD reached the lower low area of the descending channel
In the smaller timeframe 1-hour chart, EURAUD has broken and retested the minor descending channel
EURAUD Update:
EURAUD consolidates near the higher low, heading towards the daily chart’s horizontal support, possibly triggering the SL price. Nevertheless, a correction is expected from the upcoming support zone, and EURAUD maintains its longer-term uptrend.
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