Daily Pivots: (S1) 1.7149; (P) 1.7213; (R1) 1.7320; More…

EUR/AUD’s rally resumed and brief consolidations and intraday is back on the upside. Rise from 1.6335 should now target 161.8% projection of 1.5963 to 1.6800 from 1.6355 at 1.7709 next. On the downside, below 1.7102 minor support will turn intraday bias neutral again and bring consolidations, before staging another rally.

In the bigger picture, up trend from 1.4281 (2022 low) is resuming. Sustained trading above 1.7180 key resistance will pave the way to 61.8% projection of 1.4281 to 1.7062 from 1.5963 at 1.7682, which is also close to 61.8% retracement of 1.9799 (2020 high) to 1.4281 at 1.7691. For now, this will remain the favored case as long as 1.6355 support holds, even in case of deep pullback.

Daily Pivots: (S1) 1.6944; (P) 1.7019; (R1) 1.7106; More…

A temporary top is formed at 1.7268 in EUR/AUD with current retreat and intraday bias is turned neutral for consolidations. downside should be contained by 55 4H EMA (now at 1.6902) to bring another rally. On the upside, sustained trading above 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192 will target 161.8% projection at 1.7709 next.

In the bigger picture, the breach of 1.7180 key resistance (2024 high) suggests that up trend from 1.4281 (2022 low) is resuming. Sustained trading above 1.7180 will confirm and target 61.8% projection of 1.4281 to 1.7062 from 1.5963 at 1.7682, which is also close to 61.8% retracement of 1.9799 (2020 high) to 1.4281 at 1.7691. For now, this will remain the favored case as long as 1.6355 support holds, even in case of deep pullback.

EUR/AUD’s rally from 1.5693 resumed last week and accelerated to as high as 1.7268. There is no clear sign of topping yet and initial bias stays on the upside this week. Sustained trading above of 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192 will target 161.8% projection at 1.7709 next. On the downside, below 1.7016 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, the breach of 1.7180 key resistance (2024 high) suggests that up trend from 1.4281 (2022 low) is resuming. Sustained trading above 1.7180 will confirm and target 61.8% projection of 1.4281 to 1.7062 from 1.5963 at 1.7682, which is also close to 61.8% retracement of 1.9799 (2020 high) to 1.4281 at 1.7691. For now, this will remain the favored case as long as 1.6355 support holds, even in case of deep pullback.

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 1.6090) 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) 1.6944; (P) 1.7019; (R1) 1.7106; More…

There is no sign of topping in EUR/AUD yet and intraday bias stays on the upside. Sustained break of 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192 will confirm larger up trend resumption, and target 161.8% projection at 1.7709 next. On the downside, below 1.6990 minor support will turn intraday bias neutral first.

In the bigger picture, up trend from 1.4281 (2022 low) is still in progress. Firm break of 1.7180 (2024 high) will confirm resumption. Next target is 61.8% retracement of 1.9799 (2020 high) to 1.4281 at 1.7897. For now, outlook will stay bullish as long as 1.6355 support holds, even in case of deep pullback.

Daily Pivots: (S1) 1.6944; (P) 1.7019; (R1) 1.7106; More…

Intraday bias in EUR/AUD stays on the upside for the moment. Current rise from 1.5963 should target 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192, which is close to 1.7180 high. On the downside, below 1.6955 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6855; (P) 1.6929; (R1) 1.7016; More…

Intraday bias in EUR/AUD remains on the upside for the moment. Current rise from 1.5963 should target 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192, which is close to 1.7180 high. On the downside, below 1.6884 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6750; (P) 1.6816; (R1) 1.6913; More…

EUR/AUD’s rally from 1.5963 continues today and intraday bias stays on the upside. Sustained trading above 61.8% projection of 1.5963 to 1.6800 from 1.6355 at 1.6872 could prompt upside acceleration to 100% projection at 1.7192, which is close to 1.7180 high. On the downside, below 1.6771 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6660; (P) 1.6717; (R1) 1.6768; More…

EUR/AUD’s break of 1.6800 resistance indicates resumption of whole rise from 1.5963. Intraday bias stays on the upside for 61.8% projection of 1.5963 to 1.6800 from 1.6355 at 1.6872. Firm break there could prompt upside acceleration to 100% projection at 1.7192, which is close to 1.7180 high. On the downside, below 1.6702 minor support will delay the bullish case and turn intraday bias neutral again first.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6660; (P) 1.6717; (R1) 1.6768; More…

Intraday bias in EUR/AUD stays on the upside for the moment. As noted before, consolidation from 1.6800 should have already completed with three waves down to 1.6355. Firm break of 1.6800 resume the rise from 1.5963 to 61.8% projection of 1.5963 to 136800 from 1.6355 at 1.6872, and then 100% projection at 1.7192, which is close to 1.7180 high. On the downside, below 1.6657 minor support will delay the bullish case and turn intraday bias neutral again first.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

EUR/AUD’s strong rally last week indicates that consolidation from 1.6800 has already completed with three waves down to 1.6355. Initial bias stays on the upside this week for 1.6800. Firm break there will resume the rise from 1.5963 to 61.8% projection of 1.5963 to 136800 from 1.6355 at 1.6872, and then 100% projection at 1.7192, which is close to 1.7180 high. On the downside, below 1.6624 minor support will delay the bullish case and turn intraday bias neutral again first.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

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 1.6090) 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) 1.6621; (P) 1.6654; (R1) 1.6709; More…

Intraday bias in EUR/AUD stays on the upside for retesting 1.6800 resistance. Break there will resume the rise from 1.5963 to 61.8% projection of 1.5963 to 136800 from 1.6355 at 1.6872. Sustained trading above there should bring upside acceleration to 100% projection at 1.7192, which is close to 1.7180 high. On the downside, below 1.6597 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6576; (P) 1.6613; (R1) 1.6668; More…

EUR/AUD’s breach of 1.6631 resistance suggests that consolidation from 1.6800 has completed at 1.6355 already. Intraday bias is back on the upside for retesting 1.6800 resistance. Firm break there will resume whole rally from 1.5963. For now, risk will stay on the upside as long as 55 4H EMA (now at 1.6512) holds, in case of retreat.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6494; (P) 1.6557; (R1) 1.6638; More…

Immediate focus is now on 1.6331 resistance as EUR/AUD’s rebound from 1.6355 extends. Break there would suggest that corrective pattern from 1.6800 has already completed, and turn bias to the upside for retesting this high. Firm break there will resume the rally from 1.5963. In case of another fall, strong support should be seen at 61.8% retracement of 1.5963 to 1.6800 at 1.6283 to contain downside.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6437; (P) 1.6479; (R1) 1.6528; More…

Intraday bias in EUR/AUD remains neutral at this point. Below 1.6355 will extend the corrective pattern from 1.6800 to 61.8% retracement of 1.5963 to 1.6800 at 1.6283. On the upside, firm break of 1.6631 resistance will suggest that the correction has likely completed, and rise from 1.5963 is finally ready to resume.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6402; (P) 1.6436; (R1) 1.6492; More…

Intraday bias in EUR/AUD remains neutral for the moment. Corrective pattern from 1.6800 could still extend and break of 1.6355 will target 61.8% retracement of 1.5963 to 1.6800 at 1.6283. On the upside, firm break of 1.6631 resistance will suggest that the correction has likely completed, and rise from 1.5963 is finally ready to resume.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

EUR/AUD’s decline last week suggests that corrective pattern from 1.6800 is still extending. With a temporary low formed at 1.6355, initial bias is neutral this week first. On the downside, below 1.6355 will target 61.8% retracement of 1.5963 to 1.6800 at 1.6283. On the upside, firm break of 1.6631 resistance will suggest that the correction has likely completed, and rise from 1.5963 is finally ready to resume.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

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 1.6090) 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) 1.6354; (P) 1.6410; (R1) 1.6462; More…

EUR/AUD’s corrective pattern from 1.6800 is still extending. Deeper fall is expected as long as 1.6518 resistance holds, to 61.8% retracement of 1.5963 to 1.6800 at 1.6283. On the upside, though, break of 1.6518 resistance will bring stronger rebound back to 1.6631.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6395; (P) 1.6430; (R1) 1.6462; More…

EUR/AUD’s break of 1.6391 support invalidated the original view. Corrective pattern from 1.6800 is still in progress and extending. Intraday bias is back on the downside for 61.8% retracement of 1.5963 to 1.6800 at 1.6283. On the upside, though, break of 1.6518 resistance will bring stronger rebound back to 1.6631.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6416; (P) 1.6468; (R1) 1.6498; More…

Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.6631 resistance will reaffirm the case that consolidation from 1.6800 has completed at 1.6391. Retest of 1.6800 high should be seen next and firm break there will resume the rally from 1.5963. However, firm break of 1.6391 will invalidate this view and bring deeper fall.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.

Daily Pivots: (S1) 1.6445; (P) 1.6493; (R1) 1.6538; More…

Intraday bias in EUR/AUD stays neutral at this point. The favored case remains that consolidation pattern from 1.6800 has completed at 1.6391 already. On the upside above 1.6631 will bring retest of 1.6800 first. Firm break there will resume the rally from 1.5963 to 61.8% projection of 1.5693 to 1.6800 from 1.6391 at 1.6908. However, firm break of 1.6391 will invalidate this view and bring deeper fall.

In the bigger picture, with 1.5996 key support (2024 low) intact, larger up trend from 1.4281 (2022 low) is still in favor to resume through 1.7180 at a later stage. Nevertheless, sustained break of 1.5996 will indicate that such up trend has completed and deeper decline would be seen.