Each day Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; Extra…
EUR/AUD’s break of 1.6398 minor help argues that rebound from 1.6127 has accomplished at 1.6671, after rejection by falling channel resistance. Corrective sample from 1.7062 is probably nonetheless extending, and has simply began one other leg. Intraday bias is again on the draw back for retesting 1.6127 low. On the upside, although, above 1.6512 will flip bias again to the upside for 1.6671 as a substitute.
Within the larger image, fall from 1.7062 medium time period high is seen as correction to the up pattern from 1.4281 (2022 low). Break of 1.6844 resistance will argue that this up pattern is able to resume by 1.7062 excessive. In case of one other fall, sturdy help must be seen round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to deliver rebound.
