Day by day Pivots: (S1) 1.6548; (P) 1.6574; (R1) 1.6612; Extra…
Intraday bias in EUR/AUD is turned impartial with present retreat and a few consolidations could be seen. Additional rally is mildly in favor. Above 1.6616 will resume the rebound type 1.6368 to 1.6677 resistance subsequent. Break there’ll affirm that correction from 1.6742 has accomplished, and convey additional rally by this excessive. Nevertheless, sustained break of 55 4H EMA (now at 1.6500) will carry flip bias again to the draw back for 1.6368 help as a substitute.
Within the greater image, fall from 1.7062 medium time period high is seen as a correction to the up pattern from 1.4281 (2022 low). The correction might be nonetheless in progress with fall from 1.6742 because the third leg. Robust help is anticipated round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to carry rebound.
