Each day Pivots: (S1) 1.6300; (P) 1.6339; (R1) 1.6410; Extra…
Intraday bias in EUR/AUD is turned impartial first with break of 1.6449 help turned resistance. Some consolidations must be seen first, however one other fall is anticipated. Break of 1.6267 will resume the decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 subsequent.
Within the greater image, the break of medium time period pattern line help now suggests fall from 1.7062 correcting the entire up pattern from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Sturdy help could possibly be seen there to carry rebound on first try. However threat will keep on the draw back so long as 1.6844 resistance holds. Sustained break of 1.6000 would carry additional fall to 61.8% retracement at 1.5343.
