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EUR/AUD Each day Outlook


Each day Pivots: (S1) 1.5298; (P) 1.5371; (R1) 1.5481; Extra…

EUR/AUD’s rally resumed and break of 1.5396 resistance carries some bigger bullish implication. Intraday bias is again on the upside for 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. For now, outlook will stay bullish so long as 1.5165 assist holds, in case of retreat.

Within the greater image, a medium time period backside ought to be in place at 1.4281, on bullish convergence situation in each day MACD. Additional rise could be seen again to 1.6434 key resistance subsequent. Break of 1.4965 resistance turned assist is required to point reversal. In any other case, additional rally will stay in favor.

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