Declines accelerated after EURAUD broke below support at 1.5270. Today price tested next support at 1.5000, but currently there are no signs that declines may end. Next weak supports are located at: 1.4890, 1.4730. Nearest strong support is 600 pips below current level at 1.4400. At similar level there is lower limit of bearish channel (visible at time-frame W1), in which price moves since more than 3 years. Obviously because of the wide time-frame it can’t be indicated precisely, but few supports in area 1.4400 – 1.4300 should cause strong rebound.
