Day by day Pivots: (S1) 1.6737; (P) 1.6780; (R1) 1.6821; Extra…
Focus stays on 1.6843 resistance in EUR/AUD. Decisive break there’ll resume the rebound from 1.6319 for retesting 1.7062 excessive subsequent. On the draw back, nevertheless, beneath 1.6666 minor assist will flip bias again to the draw back for 1.6449 assist as a substitute.
Within the larger image, whereas 1.7062 is a medium time period high, there isn’t any clear signal of pattern reversal as EUR/AUD continues to attract sturdy assist from the medium time period pattern line. Break of 1.7062 will resume the bigger up pattern from 1.4281 (2022 low) to 1.7691 fibonacci degree. However, break of 1.6449 assist will argue that deeper correction is underway to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.
