Each day Pivots: (S1) 1.5253; (P) 1.5286; (R1) 1.5344; Extra…
Intraday bias in EUR/AUD stays impartial first and additional rally is predicted with 1.5047 assist intact. Agency break of 1.5416 will carry bigger bullish implication. Subsequent goal is 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. Nonetheless, break of 1.5047 will flip bias again to the draw back for 55 day EMA (now at 1.4885).
Within the greater image, present improvement raises the prospect of medium time period bottoming at at 1.4281, on bullish convergence situation in each day MACD. Agency break of 1.5396 will deliver stronger rally again to 1.6434 key resistance subsequent. Nonetheless, rejection by 1.5396 will preserve medium time period bearishness for an additional fall by way of 1.4281 at a later stage.
