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  • The EUR/AUD pair trades near 1.6000 mark after the Reserve Bank of Australia (RBA) left the benchmark cash rate unchanged on early Tuesday.
  • The pair struggles with a short-term ascending triangle formation between the 1.6060/65 resistance and 1.5890 support.
  • In case prices rally beyond 1.6065, a horizontal-line joining December 31 low and January 10 high, at 1.6160, can please the buyers before challenging them 61.8% Fibonacci retracement level of 1.6320.
  • Alternatively, the pair’s drop under 1.5890 may recall 1.5800 and 1.5720 on the chart.
  • Additionally, pair’s extended declines beneath 1.5720 can drag it down to 61.8% Fibonacci expansion level of 1.5650.

EUR/AUD 4-Hour chart

EUR/AUD

Overview:
       Today Last Price:  1.6014
       Today Daily change:  18  pips
       Today Daily change %:  0.11%
       Today Daily Open:  1.5996
Trends:
       Daily SMA20:  1.5916
       Daily SMA50:  1.5967
       Daily SMA100:  1.5895
       Daily SMA200:  1.5871
Levels:
       Previous Daily High:  1.6057
       Previous Daily Low:  1.597
       Previous Weekly High:  1.6074
       Previous Weekly Low:  1.581
       Previous Monthly High:  1.6061
       Previous Monthly Low:  1.5728
       Daily Fibonacci 38.2%:  1.6003
       Daily Fibonacci 61.8%:  1.6024
       Daily Pivot Point S1:  1.5959
       Daily Pivot Point S2:  1.5921
       Daily Pivot Point S3:  1.5872
       Daily Pivot Point R1:  1.6045
       Daily Pivot Point R2:  1.6094
       Daily Pivot Point R3:  1.6132