Every day Pivots: (S1) 1.6398; (P) 1.6456; (R1) 1.6500; Extra..
EUR/AUD’s decline from 1.6742 resumed by breaking by way of 1.6412 help and intraday bias is again on the draw back. Present improvement means that rebound from 1.6127 has accomplished. Break of 100% projection of 1.6742 to 1.6439 from 1.6677 at 1.6374 will pave the way in which to 161.8% projection at 1.6187 subsequent. For now, threat will keep on the draw back so long as 1.6503 resistance holds, in case of restoration.
Within the greater image, fall from 1.7062 medium time period prime is seen as a correction to the up pattern from 1.4281 (2022 low). The correction remains to be in progress with fall from 1.6742 because the third leg. Sturdy help is anticipated round 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to deliver rebound.
