Every day Pivots: (S1) 1.6398; (P) 1.6458; (R1) 1.6556; Extra…
Intraday bias in EUR/AUD is turned impartial first because it recovered after hitting 100% projection of 1.6742 to 1.6439 from 1.6677 at 1.6374. On the draw back, under 1.6368 will resume the autumn from 1.6742 in direction of 1.6127 low. Nonetheless, sustained buying and selling above 55 D EMA (now at 1.6519) will flip bias again to the upside for stronger rebound.
Within the larger image, fall from 1.7062 medium time period prime is seen as a correction to the up development from 1.4281 (2022 low). The correction continues to be in progress with fall from 1.6742 because the third leg. Robust assist is predicted round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to carry rebound.
