Fxwirepro: Eur / aud breaks below the strong support near 1.4030

Fxwirepro: Eur / aud breaks below the strong support in the area of ​​1.4030, the downtrend, it is better to leave short positions

• After the rebound from the key resistance, EUR / AUD continued to decline.
• Break below key support in the 1.4030 area, the pair stuck in a tight range in thin trading conditions on the market.
• European markets will be closed until Tuesday due to the Easter holidays. The euro remained under pressure ahead of the presidential elections in France.
• Ozzy, on the contrary, inspired the truly stellar employment data in Australia and a strong record of China's trade.
• The pair is trading below the moving averages and RSI bearish divergence on the daily timeframe strengthens downtrend.
• Below 1.4030 lain down next key support in the 50-DMA at 1.3972, a break can lead to testing 1.3939 (March 31 low).
• Possible trend reversal in the breakdown above the trend line near 1.4215.
• support levels - 1.3971 (50-DMA), 1.3939 (March 31 low), 1.3886 (61.8% Fibo correction 1.3626 to 1.4306 rally).
• Resistance levels - 1.4046 (38.2% Fib), 1.4080 (20-DMA), 1.4094 (5-DMA).