Eur/Aud
The daily chart shows that the price had a rejection at the level of 1.6340. This is the level where the price had rejections earlier as well. Friday’s candle came out as an Engulfing candle forming right at that level. As expected, the price started its day with a bearish gap. Considering the strength of the resistance and daily engulfing candle, it may head towards the South. Since the resistance is nearby, it may not make the daily traders interested in buying the pair today. It is a different story for the intraday traders, though. Let us have a look at the major intraday charts.