Each day Pivots: (S1) 1.6382; (P) 1.6449; (R1) 1.6548; Extra…
Intraday bias in EUR/AUD stays impartial at this level as consolidations from 1.6267 is extending. Outlook stays bearish so long as 1.6844 resistance holds. On the draw back, break of 1.6267 will resume bigger 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 development line help now suggests fall from 1.7062 correcting the entire up development from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help might be seen there to carry rebound on first try. However danger 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.
