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EUR/AUD Each day Outlook


Each day Pivots: (S1) 1.5403; (P) 1.5461; (R1) 1.5525; Extra…

Intraday bias in EUR/AUD stays on the upside at this level. Present rally from 1.4281 ought to goal 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 must be in place at 1.4281, on bullish convergence situation in every 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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