Every day Pivots: (S1) 1.6539; (P) 1.6602; (R1) 1.6643; Extra…
No change in EUR/AUD’s outlook and intraday bias stays on the draw back for 1.6449 help. Agency break there’ll argue that the sample from 1.6319 has accomplished at 1.6844 as a corrective transfer, and fall from 1.7062 is able to resume by way of 1.6319. On the upside, above 1.6662 minor resistance will flip intraday bias impartial first.
Within the greater image, whereas 1.7062 is a medium time period high, there is no such thing as a clear signal of pattern reversal as EUR/AUD continues to attract robust 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 stage. However, 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.
