A strong buying opportunity for the EUR/AUD pair is currently available.

The EUR/AUD pair has returned to the demand zones from which it previously rallied strongly, and these zones are currently considered strong buying opportunities.

We expect to see the pair resume its upward movement from these current levels, provided it doesn't break below them and close below them.

Expected Targets

If the current 4-hour candle closes higher, we anticipate the pair will rise to the targets near 1.6350 and 1.6420, respectively.

This analysis and the buying opportunity will be invalidated if the 4-hour candle breaks below these demand zones and closes below them.