Day by day Pivots: (S1) 1.6261; (P) 1.6371; (R1) 1.6438; Extra..
EUR/AUD’s decline resumed by breaking by way of 1.6267 help and intraday bias is again on the draw back. Present fall from 1.7062 ought to goal 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 subsequent. For now, outlook will stay bearish so long as 1.6478 resistance holds, in case of restoration.
Within the greater image, fall from 1.7062 medium time period high is seen as correcting the entire 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 help might be seen there to deliver rebound on first try. However danger will keep on the draw back so long as 1.6844 resistance holds. Sustained break of 1.6000 would deliver additional fall to 61.8% retracement at 1.5343.
