Day by day Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; Extra…
Intraday bias in EUR/AUD stays on the draw back as fall from 1.6771 is in progress. This decline is seen as a part of the bigger correction from 1.7062. Subsequent goal is 1.6127 and probably under. On the upside, although, above 1.6512 minor resistance will flip bias again to the upside for 1.6671 as a substitute.
Within the larger image, fall from 1.7062 medium time period prime 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, sturdy assist ought to be seen round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to deliver rebound.
