Each day Pivots: (S1) 1.6542; (P) 1.6573; (R1) 1.6607; Extra…
EUR/AUD’s rally from 1.6368 resumed after transient consolidations. Breach of 1.6677 resistance argues that fall from 1.6742 has accomplished as a three-wave corrective transfer to 1.6368. Intraday bias is again on the upside for retesting 1.6742. On the draw back, beneath 1.6534 help will flip intraday bias impartial once more first.
Within the larger image, fall from 1.7062 medium time period high is seen as a correction to the up development from 1.4281 (2022 low). In case of one other fall, Sturdy help is anticipated round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to carry rebound. Break of 1.7062 is in favor as a later stage.
