Every day Pivots: (S1) 1.6177; (P) 1.6303; (R1) 1.6383; Extra..
Vary buying and selling continues in EUR/AUD above 1.6206 and intraday bias stays impartial for the second. Outlook stays bearish so long as 1.6478 resistance holds. On the draw back, agency break of 1.6206 will resume complete fall from 1.7062. Subsequent goal is 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106.
Within the larger image, fall from 1.7062 medium time period high is seen as correcting the entire up pattern 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 may very well be seen there to convey rebound on first try. However danger 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.
