FOREX Technical Analysis: Aside from EURAUD
The pair has been stopped by the strong resistance zones 1.4720-1.4750 for the second during the previous two weeks as seen on the provided daily graph.
The median line of pitchfork channel still acts as ceiling that prevents the pair from clearing 1.4750 regions until now.
However, the contrarian between weakness appearing on Stochastic and strength of recovery appearing on ADX forces us to be neutral on the EURAUD pair.
For short-term traders, selling could be accurate with a break below 1.4460, while coming above 1.4750 will give bulls the motivation to test the resistance of the channel.