Day by day Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; Extra…
Intraday bias in EUR/AUD stays impartial at this level. Additional rally is predicted so long as 1.6398 help holds. Corrective fall from 1.7062 ought to have accomplished with three waves right down to 1.6127 already. Above 1.6671 will goal 1.6844 resistance to substantiate this bullish case. Nonetheless, break of 1.6398 will dampen this view and produce retest of 1.6127 low as a substitute.
Within the larger image, fall from 1.7062 medium time period high is seen as correction to the up pattern from 1.4281 (2022 low). Break of 1.6844 resistance will argue that this up pattern is able to resume via 1.7062 excessive. In case of one other fall, robust help ought to be seen round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to carry rebound.
