The EUR/AUD currency pair is at strong Support by the 1.57 round number. STS_ATR_Distance_Indicator shows that since the beginning of the month the price has passed 96% of its Monthly ATR (Average Monthly Movement for the last 6 months). STS_RSI_MTF_Indicator shows oversold condition on all timeframes from M15 to Daily. We expect the price to make an upward movement from these levels and so we loaded our STS_Zig_Zag_Bot to open long positions on each M30 candle in which we have a descending 12-period Zig Zag and close them at an ascending 20-period Zig Zag on the H4 timeframe. Currently the Bot has opened 1 long position.
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