Every day Pivots: (S1) 1.6483; (P) 1.6564; (R1) 1.6688; Extra…
Intraday bias in EUR/AUD stays impartial first. On the upside, agency break of 1.6650 resistance will argue that pull again from 1.7062 has accomplished, after drawing help from medium time period rising pattern line. Additional rally can be seen again to retest 1.7062. Nonetheless, break of 1.6319 will resume the autumn to 1.6000 fibonacci stage.
Within the greater image, fall from 1.7062 might be correcting entire up pattern from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help may very well be seen there to convey rebound, no less than on first try. This can stay the favored case so long as 1.6650 resistance holds.
