Day by day Pivots: (S1) 1.6394; (P) 1.6474; (R1) 1.6519; Extra…
EUR/AUD’s fall from 1.7062 resumed by breaking via 1.6452 help. Intraday bias is again on the draw back for 1.6000 fibonacci stage, as a bigger scale correction. On the upside, break of 1.6650 resistance is required to point quick time period bottoming. Outlook, outlook will keep mildly bearish in case of restoration.
Within the larger image, fall from 1.7062 might be correcting entire up development from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Sturdy help needs to be seen there to convey rebound, a minimum of on first try. This may stay the favored case so long as 1.6650 resistance holds.
