EURAUD currency continues to fall after the pair reversed down from the resistance zone located between the key resistance level 1.49500 (which stopped the previous waves 4 and (A)), upper daily Bollinger Band and the 61.8% Fibonacci retracement of the sharp downward impulse from the start of March. Given the strong daily downtrend and the continued bearish euro sentiment seen across the FX markets today – EURAUD currency pair can be expected to fall further toward the next
support level 1.45500.