Each day Pivots: (S1) 1.6630; (P) 1.6702; (R1) 1.6759; Extra…
Vary buying and selling continues in EUR/AUD and intraday bias stays impartial. On the upside, sustained break of 1.6843/four will resume the rebound from 1.6319 for retesting 1.7062 excessive subsequent. On the draw back, nonetheless, beneath 1.6631 minor help will flip bias again to the draw back for 1.6449 help as an alternative.
Within the greater image, whereas 1.7062 is a medium time period high, there isn’t any clear signal of development reversal as EUR/AUD continues to attract sturdy help from the medium time period development line. Break of 1.7062 will resume the bigger up development from 1.4281 (2022 low) to 1.7691 fibonacci stage. However, break of 1.6449 help will argue that deeper correction is underway to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.
