Each day Pivots: (S1) 1.6456; (P) 1.6492; (R1) 1.6554; Extra…
EUR/AUD’s rebound from 1.6127 is in progress and intraday bias stays on the upside. Correction from 1.7062 ought to have accomplished with three waves right down to 1.6127. Additional rise must be seen to 1.6844 resistance for affirmation. On the draw back, under 1.6456 minor assist will flip intraday bias impartial and produce consolidations, earlier than staging one other rally.
Within the larger image, fall from 1.7062 medium time period high is seen as correction to the up development from 1.4281 (2022 low). Break of 1.6844 resistance will argue that this up development is able to resume by way of 1.7062 excessive. In case of one other fall, robust assist must be seen round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 carry rebound.
