Every day Pivots: (S1) 1.5509; (P) 1.5598; (R1) 1.5763; Extra…
Intraday bias in EUR/AUD stays on the upside at this level. Present rally 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 help will flip intraday bias impartial and convey consolidation first, earlier than staging one other rally.
Within the larger 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 help is required to point reversal. In any other case, additional rally will stay in favor.
