Daily Pivots: (S1) 1.6187; (P) 1.6247; (R1) 1.6324; More…

Intraday bias in EUR/AUD stays neutral first. On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal and target 1.6598 resistance for confirmation. On the downside, though, below 1.6125 minor support will bring retest of 1.5963 low.

In the bigger picture, immediate focus is now on 1.5996 key support level. Sustained break there will argue that whole up trend from 1.4281 (2022 low) is already reversing. Deeper decline would be seen to 61.8% retracement of 1.4281 to 1.7180 at 1.5388, even as a correction. Nevertheless, strong rebound from current level, followed by break of 1.6359 resistance, will keep medium term outlook neutral at worst.

Daily Pivots: (S1) 1.6137; (P) 1.6191; (R1) 1.6256; More…

Intraday bias in EUR/AUD remains neutral for the moment. Another decline is in favor as long as 1.6359 resistance holds. Sustained break of 1.5996 key support will carry larger bearish implications. However, break of 1.6359 will be the first sign of bullish reversal and target 1.6598 resistance for confirmation.

In the bigger picture, immediate focus is now on 1.5996 key support level. Sustained break there will argue that whole up trend from 1.4281 (2022 low) is already reversing. Deeper decline would be seen to 61.8% retracement of 1.4281 to 1.7180 at 1.5388, even as a correction. Nevertheless, strong rebound from current level, followed by break of 1.6359 resistance, will keep medium term outlook neutral at worst.

Daily Pivots: (S1) 1.5948; (P) 1.6041; (R1) 1.6117; More…

EUR/AUD’s rebound from 1.5963 extend higher and the break of 1.6161 support turned resistance delays the bearish case. Intraday bias is turned neutral first. Further fall would remain in favor as long as 1.6359 resistance holds. Sustained break of 1.5996 key support will carry larger bearish implications. However, break of 1.6359 will be the first sign of bullish reversal and target 1.6598 resistance for confirmation.

In the bigger picture, immediate focus is now on 1.5996 key support level. Sustained break there will argue that whole up trend from 1.4281 (2022 low) is already reversing. Deeper decline would be seen to 61.8% retracement of 1.4281 to 1.7180 at 1.5388, even as a correction. Nevertheless, strong rebound from current level, followed by break of 1.6359 resistance, will keep medium term outlook neutral at worst.

Daily Pivots: (S1) 1.5948; (P) 1.6041; (R1) 1.6117; More…

Intraday bias in EUR/AUD is turned neutral first with current recovery and some consolidations would be seen. Outlook will stay bearish as long as 1.6161 support turned resistance holds. On the downside, decisive break break of 1.5996 key support will carry larger bearish implications. Next near term target will be 100% projection of 1.6598 to 1.6161 from 1.6359 at 1.5922, and then 161.8% projection at 1.5652.

In the bigger picture, immediate focus is now on 1.5996 key support level. Sustained break there will argue that whole up trend from 1.4281 (2022 low) is already reversing. Deeper decline would be seen to 61.8% retracement of 1.4281 to 1.7180 at 1.5388, even as a correction. Nevertheless, strong rebound from current level, followed by break of 1.6359 resistance, will keep medium term outlook neutral at worst.

EUR/AUD’s fall from 1.6598 resumed last week and hit as low as 1.5963. With no clear sign of bottoming yet, initial bias stays on the downside this week. Decisive break of 1.5996 key support will carry larger bearish implications. Next near term target will be 100% projection of 1.6598 to 1.6161 from 1.6359 at 1.5922, and then 161.8% projection at 1.5652. For now, outlook will stay bearish as long as 1.6161 support turned resistance holds, in case of recovery.

In the bigger picture, immediate focus is now on 1.5996 key support level. Sustained break there will argue that whole up trend from 1.4281 (2022 low) is already reversing. Deeper decline would be seen to 61.8% retracement of 1.4281 to 1.7180 at 1.5388, even as a correction. Nevertheless, strong rebound from current level, followed by break of 1.6359 resistance, will keep medium term outlook neutral at worst.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6022) holds, this second leg could still extend higher. However, sustained trading below 55 M EMA will open up the bearish case for extending the decline through 1.4281 low.

Daily Pivots: (S1) 1.6041; (P) 1.6127; (R1) 1.6172; More…

Intraday bias in EUR/AUD stays on the downside, and fall from 1.6598 is in progress for 1.5996/6002 key support zone. Decisive break there will carry larger bearish implications. On the upside, above 1.6161 support turned resistance will turn intraday bias neutral first. But, risk will stay on the downside as long as 1.6359 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More…

EUR/AUD’s fall from 1.6598 resumed by breaking through 1.6161, and intraday bias is back on the downside. Deeper decline should be seen to 1.5996/6002 key support zone. Decisive break there will carry larger bearish implications. For now, risk will stay on the downside as long as 1.6359 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More…

Outlook in EUR/AUD remains unchanged and intraday bias stays neutral. Further decline is expected with 1.6359 resistance intact. On the downside, break 1.6161 will resume the fall from 1.6598 for retesting 1.5996/6002 key support zone. Nevertheless, break of 1.6359 will turn bias to the upside for stronger rebound towards 1.6598 resistance instead.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6189; (P) 1.6245; (R1) 1.6278; More…

Intraday bias in EUR/AUD remains neutral and further decline is expected Break of 1.6161 will resume the fall from 1.6598 for retesting 1.5996/6002 key support zone. Nevertheless, break of 1.6359 will turn bias to the upside for stronger rebound towards 1.6598 resistance instead.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6253; (P) 1.6307; (R1) 1.6340; More…

EUR/AUD weakens notably after failing to sustain above 55 D EMA, but downside is held well above 1.6161 temporary low. Intraday bias stays neutral and risk remains on the downside for the moment. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. Nevertheless, break of 1.6359 will turn bias to the upside for stronger rebound towards 1.6598 resistance instead.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6283; (P) 1.6319; (R1) 1.6342; More…

Intraday bias in EUR/AUD remains neutral as consolidations continue above 1.6161. Further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

EURAUD stayed in consolidation above 1.6161 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6032) holds, this second leg could still extend higher. However, sustained trading below 55 M EMA will open up the bearish case for extending the decline through 1.4281 low.

Daily Pivots: (S1) 1.6268; (P) 1.6299; (R1) 1.6345; More…

Intraday bias in EUR/AUD stays neutral as consolidations continues above 1.6161 temporary low. Risk will stay mildly on the downside as long as 1.6598 holds. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 cluster support , up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6247; (P) 1.6280; (R1) 1.6320; More…

EUR/AUD is staying in consolidation above 1.6161 temporary low and intraday bias remains neutral. Risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 cluster support , up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6211; (P) 1.6245; (R1) 1.6293; More…

Intraday bias in EUR/AUD remains neutral, and risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 cluster support , up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6165; (P) 1.6226; (R1) 1.6267; More…

Intraday bias in EUR/AUD stays neutral at this point. For now, risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 cluster support , up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

Daily Pivots: (S1) 1.6198; (P) 1.6252; (R1) 1.6336; More…

Intraday bias in EUR/AUD Remains neutral for the moment. For now, risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 key support zone.

In the bigger picture, as long as 1.5996 cluster support , up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

EUR/AUD’s steep decline last week suggests that rebound from 1.6002 has completed with three waves up to 1.6598. But as a temporary low was then formed at 1.6161, initial bias is neutral this week first. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. For now, risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound.

In the bigger picture, as long as 1.5996 cluster support , up trend from 1.4281 (2022 low) is still expected to resume through 1.7180 at a later stage. However decisive break of 1.5996 will argue that the medium term trend might have reversed. Deeper fall would be seen to 61.8% retracement of 1.4281 (2022 low) to 1.7180 at 1.5388, even as a correction.

In the longer term picture, rise from 1.4281 is seen as the second leg of the pattern from 1.9799 (2020 high), which is part of the pattern from 2.1127 (2008 high). As long as 55 M EMA (now at 1.6031) holds, this second leg could still extend higher. However, sustained trading below 55 M EMA will open up the bearish case for extending the decline through 1.4281 low.

Daily Pivots: (S1) 1.6107; (P) 1.6227; (R1) 1.6291; More…

EUR/AUD’s fall from 1.6598 is in progress and intraday bias stays on the downside. Break of 1.6132 will target 1.5996 key support again. Strong support could be seen there to bring rebound. ON the upside, above 1.6356 minor resistance will turn intraday bias neutral again first.

In the bigger picture, as long as 1.5996 cluster support holds (38.2% retracement of 1.4281 to 1.7062 (2023 high) at 1.6000), up trend from 1.4281 (2022 low) is still expected to resume at a later stage. However, decisive break of 1.5996 will argue that the medium term trend has reversed and turn outlook bearish.

Daily Pivots: (S1) 1.6233; (P) 1.6366; (R1) 1.6458; More…

Intraday bias in EUR/AUD remains on the downside for 1.6132 support. Break there will extend the fall from 1.6598 to retest 1.5996 key support level. On the upside, above 1.6356 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.6598 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5996 cluster support holds (38.2% retracement of 1.4281 to 1.7062 (2023 high) at 1.6000), up trend from 1.4281 (2022 low) is still expected to resume at a later stage. However, decisive break of 1.5996 will argue that the medium term trend has reversed and turn outlook bearish.