Every day Pivots: (S1) 1.6360; (P) 1.6417; (R1) 1.6511; Extra…
Intraday bias in EUR/AUD stays impartial as consolidation from 1.6267 is extending. Outlook will keep bearish so long as 1.6515 resistance holds. On the draw back, break of 1.6267 will resume the entire decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 subsequent. Nevertheless, break of 1.6515 resistance will flip bias again to the upside for stronger rebound.
Within the larger image, fall from 1.7062 medium time period high is seen as correcting the entire up development from 1.4281 (2022 low). Deeper decline could be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust assist could possibly be seen there to deliver 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 deliver additional fall to 61.8% retracement at 1.5343.
