EURAUD: Aussie Strength Supported by Peace in the Middle East

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EURAUD: Aussie Strength Supported by Peace in the Middle East

EURAUD confirmed a small double top pattern, and news of a ceasefire in the Middle East between Israel and Iran gave the Aussie a boost.

All the candles have been read so far, showing that the AUD has come back stronger.

Given that it has been overbought for a long time, it's expected that a small pause will occur before EURAUD can fall further.

The first target I am looking at is near 1.7740 and 1.7650.

You may find more details in the chart!
Thank you and Good Luck!

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