EUR/AUD short and medium term analysis.

The EUR/AUD pair continued to rise after rebounding from daily demand areas

And after entering into clear accumulation operations on the four-hour and hourly frames.

Currently, the pair is moving in an ascending price channel and it is expected to continue rising Reaching near the supply areas above.

In the event of a decline and correction to the lower limit of the ascending channel or near the demand areas

It is expected to rise from it and thus we can buy from there after any buying price behavior.

As for the case of continuing the rise until reaching the supply areas above,

it is expected to fall from it Therefore, it is preferable to sell only in the event of reaching the supply areas above.