Every day Pivots: (S1) 1.6448; (P) 1.6587; (R1) 1.6671; Extra…
Intraday bias in EUR/AUD stays on the draw back at this level. Corrective rebound from 1.6319 may have accomplished at 1.6843 already. Deeper fall can be seen to retest 1.6319 help. On the upside, above 1.6588 minor resistance will flip intraday bias impartial first.
Within the greater 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. Nonetheless, decisive break of 1.6319 will affirm medium time period topping at 1.7062, and produce deeper fall to 1.5846 help.
