Each day Pivots: (S1) 1.6561; (P) 1.6584; (R1) 1.6597; Extra…
EUR/AUD’s sturdy break of 1.6606 minor resistance signifies that corrective pullback from 1.6742 has accomplished at 1.6439. Intraday bias is again on the upside for retesting 1.6742 first. Agency break there’ll resume entire rise from 1.6127 and 1.6844 resistance subsequent. For now, close to time period outlook will stay cautiously bullish so long as 1.6439 assist holds, in case of retreat.
Within the greater image, fall from 1.7062 medium time period prime is seen as a correction to the up pattern from 1.4281 (2022 low). Break of 1.6844 resistance will argue that this up pattern is able to resume via 1.7062 excessive. In case of one other fall, sturdy assist needs to be seen round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to deliver rebound.
