Downtrend: EUR/AUD has been in a downtrend since the beginning of February.and has formed a falling channel. This week, the pair broke below 1.25, and after testing it as resistance fell further to new lows, accelerating during the 3/21 session. The 4H RSI shows a persistent bearish momentum as the reading has held under 60 and tagged 30 repeatedly. The moving averages in the 4H chart are also in bearish alignment. Price has started to accelerate to the downside pushing at the falling channel support. Support: Although the 4H RSI suggests it will be oversold again soon, and price is at a channel falling channel ... (full story)