Every day Pivots: (S1) 1.6137; (P) 1.6226; (R1) 1.6288; Extra..
EUR/AUD shortly retreated after restoration to 1.6313 and intraday bias stays impartial. On the draw back, under . 1.6137 will goal 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. In the meantime, contemplating bullish convergence situation in 4H MACD, agency break of 1.6313 resistance ought to point out brief time period bottoming, and switch bias again to the upside for 1.6478 resistance as an alternative.
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 can be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Robust help could possibly be seen there to carry 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 carry additional fall to 61.8% retracement at 1.5343.
