Every day Pivots: (S1) 1.6448; (P) 1.6587; (R1) 1.6671; Extra…
EUR/AUD’s robust break of 1.6550 help argues that corrective rebound from 1.6843 has accomplished. Additionally, fall from 1.7062 is likely to be able to resume. Intraday bias is again on the draw back for 1.6319 help subsequent. On the upside, above 1.6588 minor resistance will flip intraday bias impartial first.
Within the larger image, the robust help from medium time period rising pattern line signifies that rise from 1.4281 (2022 low) remains to be in progress. Sustained break of 1.7062 will pave the best way to 61.8% retracement of 1.9799 (2020 excessive) to 1.4281 at 1.7691. In any case, outlook will keep bullish so long as 1.6319 help holds. Nevertheless, decisive break of 1.6319 will verify medium time period topping at 1.7062, and produce deeper fall to 1.5846 help.
