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EUR/AUD Mid-Day Outlook


Every day Pivots: (S1) 1.6675; (P) 1.6735; (R1) 1.6770; Extra…

EUR/AUD’s decline from 1.7062 resumes by breaking by means of 1.6647 assist. Intraday bias is again on the draw back for 1.6601 assist subsequent. On the draw back, break of 1.6793 resistance is required to point quick time period bottoming. In any other case, outlook will keep mildly bearish in case of restoration.

Within the greater image, Fall from 1.7062 may very well be seen as correction to complete up development from 1.4281 (2022 low). Sustained buying and selling beneath 55 EMA (now at 1.6644) would affirm this case and goal 38.2 retracement of 1.4281 to 1.7062 at 1.6000. Robust assist ought to be seen there to convey rebound, at the least on first try.

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