Day by day Pivots: (S1) 1.5694; (P) 1.5761; (R1) 1.5853; Extra…
EUR/AUD’s rally from 1.5254 resumed after temporary consolidations. Intraday bias is again on the upside. Outlook is unchanged that corrective fall from 1.5976 has accomplished at 1.5254. Additional rise needs to be seen to retest 1.5976 excessive. On the draw back, beneath 1.5668 minor assist will flip intraday bias impartial once more.
Within the larger image, it’s nonetheless early to verify if rise from 1.4281 represents bullish pattern reversal. However so long as 1.5271 assist holds, such rally is in favor to proceed. Break of 1.5976 will goal 1.6434 key resistance subsequent. Alternatively, agency break of 1.5271 will retain medium time period bearishness as an alternative.
