Every day Pivots: (S1) 1.6370; (P) 1.6427; (R1) 1.6493; Extra…
EUR/AUD is staying in consolidation from 1.6267 and intraday bias stays impartial at this level. Outlook stays bearish so long as 55 D EMA (now at 1.6593) holds. On the draw back, break of 1.6267 will resume bigger decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 subsequent.
Within the greater image, the break of medium time period pattern line help now suggests fall from 1.7062 correcting the entire up pattern from 1.4281 (2022 low). Deeper decline can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help might be seen there to convey rebound on first try. However threat will keep on the draw back so long as 1.6844 resistance holds. Sustained break of 1.6000 would convey additional fall to 61.8% retracement at 1.5343.
