Day by day Pivots: (S1) 1.6487; (P) 1.6526; (R1) 1.6572; Extra…
EUR/AUD is extending the consolidation from 1.6452 and intraday bias stays impartial. Additional decline is predicted with 1.6793 resistance intact. Fall from 1.7062 is seen as a bigger scale correction. Beneath 1.6452 will goal 1.6000 fibonacci degree. However, agency break of 1.6793 will dampen this view and produce retest of 1.7062 as an alternative.
Within the larger image, present improvement argues that fall from 1.7062 might be correcting complete up pattern from 1.4281. Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help needs to be seen there to convey rebound, a minimum of on first try.
