EUR/AUD’s correction from 1.7062 extend lower last week. Initial bias stays on the downside this week for 55 D EMA (now at 1.6621). Strong support could be seen from there to bring rebound. On the upside, break of 1.6887 resistance will suggest that the pull back has completed and bring retest of 1.7062 high.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of deep pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). But in either case, further rally is in favor as long as 1.5846 support holds. Next target is 61.8% retracement of 1.9799 to 1.4281 at 1.7691.

Daily Pivots: (S1) 1.6662; (P) 1.6782; (R1) 1.6843; More…

Intraday bias in EUR/AUD is back on the downside as fall from 1.7062 is extending. Deeper decline would be seen to 55 D EMA (now at 1.6614). On the upside, above 1.6887 minor resistance will argue that the pull back has completed, and turn bias back to the upside for retesting 1.7062 high.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6794; (P) 1.6834; (R1) 1.6909; More…

Intraday bias in EUR/AUD remains neutral for the moment. Further rise is mildly in favor as long as 1.6737 support holds. On the upside, break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6743; (P) 1.6799; (R1) 1.6845; More…

Range trading continues in EUR/AUD and intraday bias stays neutral. Further rise is mildly in favor as long as 1.6737 support holds. On the upside, break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6682; (P) 1.6781; (R1) 1.6832; More…

Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Further rise is mildly in favor as long as 1.6737 support holds. On the upside, break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6796; (P) 1.6841; (R1) 1.6907; More…

Intraday bias in EUR/AUD stays neutral at this point. And further rally is in favor with 1.6737 support intact. On the upside, firm break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

EUR/AUD’s pull back from 1.7062 extended lower last week, but stayed above 1.6737 support. Initial bias stays neutral this week first and further rally is in favor. On the upside, firm break of 1.7062 resistance will resume larger up trend to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). But in either case, further rally is in favor as long as 1.5846 support holds. Next target is 61.8% retracement of 1.9799 to 1.4281 at 1.7691.

Daily Pivots: (S1) 1.6782; (P) 1.6819; (R1) 1.6882; More…

Intraday bias in EUR/AUD stays neutral at this point. Outlook also stays bullish with 1.6737 support intact. Break of 1.7062 will resume larger rise from 1.481 to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6714; (P) 1.6807; (R1) 1.6854; More…

Intraday bias in EUR/AUD remains neutral for the moment. Outlook also stays bullish with 1.6737 support intact. Break of 1.7062 will resume larger rise from 1.481 to 1.7377 projection level next. However, firm break of 1.6737 will bring deeper pull back to 1.6601 resistance turned support instead.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6829; (P) 1.6925; (R1) 1.6983; More…

While EUR/AUD’s retreat from 1.7062 extends lower, downside is contained above 1.6737 support so far. Intraday bias remains neutral and outlook stays bullish for now. On the upside, firm break 1.7062 will resume larger up trend from 1.4281 to 1.7377 projection level.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6947; (P) 1.6993; (R1) 1.7034; More…

Intraday bias in EUR/AUD remains neutral for consolidation below 1.7062. While deeper retreat could be seen, outlook will stay mildly bullish as long as 1.6737 support holds. On the upside, firm break 1.7062 will resume larger up trend from 1.4281 to 1.7377 projection level.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6944; (P) 1.6980; (R1) 1.7015; More…

Intraday bias in EUR/AUD is turned neutral first as consolidation from 1.7062 temporary top is extending. Further rally is expected as long as 1.6737 support holds. Break of 1.7062 will resume larger up trend from 1.4281 to 1.7377 projection level.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

EUR/AUD’s up trend continued last week and hit as high as 1.7062. Further rally is expected this week, as part of the whole up trend from 1.4281. Next target is 1.7377 projection level. On the downside, break 1.6737 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). But in either case, further rally is in favor as long as 1.5846 support holds. Next target is 61.8% retracement of 1.9799 to 1.4281 at 1.7691.

Daily Pivots: (S1) 1.6908; (P) 1.6987; (R1) 1.7058; More…

Intraday bias in EUR/AUD remains on the upside at this point. Current rally is part of the up trend from 1.4281. Next target is 1.7377 projection level next. On the downside, break 1.6737 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6881; (P) 1.6919; (R1) 1.6972; More…

EUR/AUD’s rally continues and intraday bias stays on the upside. Current rally is part of the up trend from 1.4281. Next target is 1.7377 projection level next. On the downside, break 1.6737 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6785; (P) 1.6849; (R1) 1.6956; More…

EUR/AUD’s rally continues today and intraday bias remains on the upside. Current rally is part of the up trend from 1.4281. Next target is 1.7377 projection level next. On the downside, break 1.6737 minor support will intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6762; (P) 1.6846; (R1) 1.6895; More…

Despite retreating, further rise is expected in EUR/AUD with 1.6708 support intact. Current rally is part of the up trend from 1.4281. Next target is 1.7377 projection level next. On the downside, break 1.6708 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

Daily Pivots: (S1) 1.6823; (P) 1.6853; (R1) 1.6885; More…

Intraday bias in EUR/AUD stays on the upside for the moment. Current rise is part of the up trend from 1.4281. Next target is 1.7377 projection level next. On the downside, below 1.6708 minor support will turn bias neutral and bring consolidations again first.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

EUR/AUD’s break of 1.6785 resistance last week confirmed resumption of whole up trend from 1.4281. Initial bias remains on the upside this week. Next target is 1.7377 projection level next. On the downside, below 1.6708 minor support will turn bias neutral and bring consolidations again first.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). But in either case, further rally is in favor as long as 1.5846 support holds. Next target is 61.8% retracement of 1.9799 to 1.4281 at 1.7691.

Daily Pivots: (S1) 1.6760; (P) 1.6808; (R1) 1.6903; More…

EUR/AUD’s rally resumed by breaking through 1.6858 and intraday bias is back on the upside. Current rise from 1.4281 should target 1.7377 projection level next. On the downside, below 1.6708 minor support will turn bias neutral and bring consolidations again first.

In the bigger picture, the rise from 1.4281 (2022 low) is in progress. Next target is 100% projection of 1.5254 to 1.6785 from 1.5846 at 1.7377. For now, outlook will stay bullish as long as 1.5846 support holds, even in case of another pull back.