Talking Points
- EURAUDtesting key near-term support- longs scalps favored above 1.5830
- Updated targets & invalidation levels
- Event Risk on Tap This Week
- EURAUD breakout rally reverses at upper median line parallel resistance
- Pullback now testing initial support confluence at 1.5830 (near-term bullish invalidation)
- Interim resistance at the high-day close- 1.6225 backed by 1.6584
- Support break targets confluence at the opening range low 1.5569
- Critical support confluence & broader bullish invalidation at highlighted region ~1.5365
- Momentum breaches 70 for the first time since December- constructive
- Limited event risk into end of week