Day by day Pivots: (S1) 1.6272; (P) 1.6346; (R1) 1.6485; Extra..
Intraday bias in EUR/AUD is turned impartial with present restoration. However outlook stays bearish with 1.6478 resistance intact. Break of 1.6206 will resume bigger decline from 1.7062. Subsequent goal is 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106.
Within the greater image, fall from 1.7062 medium time period prime 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 may very well be seen there to carry rebound on first try. However threat will keep on the draw back so long as 1.6844 resistance holds. Sustained break of 1.6000 would carry additional fall to 61.8% retracement at 1.5343.
