Day by day Pivots: (S1) 1.6558; (P) 1.6600; (R1) 1.6649; Extra…
Intraday bias in EUR/AUD stays impartial for the second. With 1.6650 resistance intact, fall from 1.7062 continues to be anticipated to proceed. Beneath 1.6446 minor help will carry retest of 1.6319 first. Break there’ll resume the decline to 1.6000 fibonacci degree. On the upside, agency break of 1.6650 resistance will argue that pull again from 1.7062 has accomplished, after drawing help from medium time period rising development line. Additional rally could be seen again to retest 1.7062.
Within the greater image, fall from 1.7062 might be correcting entire up development from 1.4281 (2022 low). Deeper decline could be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help may very well be seen there to carry rebound, not less than on first try. This can stay the favored case so long as 1.6650 resistance holds.
