Each day Pivots: (S1) 1.6153; (P) 1.6184; (R1) 1.6210; Extra…
Intraday bias in EUR/AUD is again on the draw back with breach of 1.6148 momentary low. Present fall from 1.6844 ought to goal 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. In the meantime, contemplating bullish convergence situation in 4H MACD, agency break of 1.6265 resistance ought to point out quick time period bottoming, and switch bias again to the upside for 1.6478 resistance as an alternative.
Within the greater image, fall from 1.7062 medium time period prime is seen as correcting the entire up pattern from 1.4281 (2022 low). Deeper decline could be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help might be seen there to convey 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 convey additional fall to 61.8% retracement at 1.5343.
