Day by day Pivots: (S1) 1.6377; (P) 1.6421; (R1) 1.6486; Extra…
EUR/AUD’s rebound from 1.6127 resumed and the break of 1.6478 resistance argues that complete correction from 1.7062 has accomplished. Intraday bias is again on the upside for 1.6844 resistance for affirmation. For now, additional rally is predicted so long as 1.6318 help holds, in case of retreat.
Within the greater image, fall from 1.7062 medium time period prime is seen as correction to the up development from 1.4281 (2022 low). Robust help ought to be seen round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 carry rebound. Break of 1.6844 will argue that this up development is able to resume by means of 1.7062 excessive.
