Each day Pivots: (S1) 1.5573; (P) 1.5631; (R1) 1.5700; Extra…
Intraday bias in EUR/AUD stays on the upside with 1.5429 minor assist intact. Present rise ought to goal 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. On the draw back, break of 1.5429 minor assist will flip intraday bias impartial and produce consolidation first, earlier than staging one other rally.
Within the greater image, a medium time period backside ought to be in place at 1.4281, on bullish convergence situation in day by 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.
