Every day Pivots: (S1) 1.6400; (P) 1.6460; (R1) 1.6525; Extra…
Intraday bias in EUR/AUD stays impartial for the second. Additional decline is anticipated with 1.6650 resistance intact. On the draw back, break of 1.6319 will resume the autumn from 1.7062, as a bigger scale correction, to 1.6000 fibonacci stage. Nonetheless, agency break of 1.6650 will argue that the pull again has accomplished and switch bias again to the upside.
Within the greater image, fall from 1.7062 might be correcting entire up development from 1.4281 (2022 low). Deeper decline could be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Sturdy help may very well be seen there to convey rebound, not less than on first try. It will stay the favored case so long as 1.6650 resistance holds.
