Day by day Pivots: (S1) 1.6352; (P) 1.6403; (R1) 1.6485; Extra…
Intraday bias in EUR/AUD is turned impartial with present restoration. However additional decline is predicted with 1.6650 resistance intact. On the draw back, break of 1.6319 will resume the autumn from 1.7062, as a bigger scale correction, to 1.6000 fibonacci stage.
Within the larger image, fall from 1.7062 might be correcting complete 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. Robust help could possibly be seen there to deliver rebound, at the very least on first try. This can stay the favored case so long as 1.6650 resistance holds.
