Best Buying Zones for EUR/AUD on the Daily Timeframe

The EUR/AUD pair is currently moving in a downward trend and is expected to target the daily demand zone near 1.6197.

We anticipate a rise in the pair from the identified demand zones on the daily timeframe, which are currently considered the best buying opportunities.

Expected Targets

If the price rises from the identified demand zones, we expect to see a move towards the targets near 1.62900 and 1.6400, respectively.

If the price breaks below the demand zones and closes below them, the analysis and the expected rise in the pair will be invalidated.