Every day Pivots: (S1) 1.6672; (P) 1.6756; (R1) 1.6802; Extra…
EUR/AUD fails to interrupt by means of 1.6843 resistance decisively and retreated. Intraday bias is turned impartial first. On the upside, sustained break of 1.6843 will resume the rebound from 1.6319 for retesting 1.7062 excessive subsequent. On the draw back, nevertheless, beneath 1.6666 minor help will flip bias again to the draw back for 1.6449 help as a substitute.
Within the greater image, whereas 1.7062 is a medium time period high, there isn’t a clear signal of pattern reversal as EUR/AUD continues to attract sturdy help from the medium time period pattern line. Break of 1.7062 will resume the bigger up pattern from 1.4281 (2022 low) to 1.7691 fibonacci degree. Nonetheless, break of 1.6449 help will argue that deeper correction is underway to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.
