Day by day Pivots: (S1) 1.6144; (P) 1.6210; (R1) 1.6252; Extra…
Intraday bias in EUR/AUD stays impartial for the second. On the upside, break of 1.6319 resistance will now point out brief time period bottoming, on bullish convergence situation in 4H MACD. Intraday bias can be again on the upside for 1.6478 resistance. Nonetheless, on the draw back, under 1.6148 will resume latest decline for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106.
Within the larger image, fall from 1.7062 medium time period high is seen as correcting the entire up development from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust 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.
