Day by day Pivots: (S1) 1.6525; (P) 1.6581; (R1) 1.6636; Extra…
Intraday bias in EUR/AUD Stays impartial at this level. On the draw back, under 1.6446 minor assist will deliver retest of 1.6319. Break there’ll resume the decline from 1.7062 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 assist from medium time period rising pattern line. Additional rally can be seen again to retest 1.7062.
Within the greater image, fall from 1.7062 might be correcting complete up pattern from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Sturdy assist could possibly be seen there to deliver rebound, at the very least on first try. It will stay the favored case so long as 1.6650 resistance holds.
