EUR/AUD Intraday: the RSI is overbought
Nov 4, 2026 2:00 AM
The upside prevails as long as 1.6060 is support, with 1.6182 and 1.6207 as targets

Our pivot point is at 1.6060.
Our preference:
The upside prevails as long as 1.6060 is support, with 1.6182 and 1.6207 as targets
Alternative scenario:
below 1.6060, expect 1.6019 and 1.5994.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 1.6070 and 1.6040). The EUR/AUD is trading above its upper Bollinger band (standing at 1.6105).
Supports and resistances:
1.6231 *
1.6207 **
1.6182
1.6119 last
1.6060 **
1.6019 *
1.5994 **
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