Every day Pivots: (S1) 1.6692; (P) 1.6747; (R1) 1.6806; Extra…
Intraday bias in EUR/AUD stays impartial for the second, and a few extra consolidations may very well be seen. On the upside, sustained break of 1.6843/four will resume the rebound from 1.6319 for retesting 1.7062 excessive subsequent. On the draw back, nevertheless, under 1.6631 minor assist will flip bias again to the draw back for 1.6449 assist as a substitute.
Within the larger image, whereas 1.7062 is a medium time period prime, there isn’t any clear signal of development reversal as EUR/AUD continues to attract sturdy assist from the medium time period development line. Break of 1.7062 will resume the bigger up development from 1.4281 (2022 low) to 1.7691 fibonacci stage. Nonetheless, break of 1.6449 assist will argue that deeper correction is underway to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.
