Daily Pivots: (S1) 1.6419; (P) 1.6475; (R1) 1.6520; More…

EUR/AUD’s break of 1.6351 resistance turned support suggests that rebound from 1.6002 has completed as a three-wave correction at 1.6598. Intraday bias is back on the downside for 1.6132 support first. Break there will bring deeper fall to 1.5996 key support level again. For now, 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.

Daily Pivots: (S1) 1.6419; (P) 1.6475; (R1) 1.6520; More…

Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.6351 resistance turned support holds, further rally is still expected. On the upside, above 1.6598 will resume the rise from 1.6002 short term bottom to 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. However, firm break of 1.6351 will argue that the rebound has completed, and turn bias back to the downside for 1.6132 support instead.

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) 1.6462; (P) 1.6503; (R1) 1.6559; More…

EUR/AUD is staying in consolidations below 1.6598 and intraday bias stays neutral for now. Further rally is expected as long as 1.6351 resistance turned support holds. On the upside, above 1.6598 will resume the rise from 1.6002 short term bottom to 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. Sustained trading above there will pave the way to retest 1.7180 high.

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) 1.6467; (P) 1.6526; (R1) 1.6576; More…

Intraday bias in EUR/AUD remains neutral for the moment/ Further rally is expected as long as 1.6351 resistance turned support holds. On the upside, above 1.6598 will resume the rise from 1.6002 short term bottom to 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. Sustained trading above there will pave the way to retest 1.7180 high.

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.

EUR/AUD’s extended rebound last week suggests that corrective fall from 1.7180 has completed with three waves down to 1.6002, after drawing support from 1.5996. But as a temporary top was formed after hitting 1.6598, initial bias is turned neutral this week first. Downside of retreat should be contained by 1.6351 resistance turned support. Above 1.6598 will resume the rise from 1.6002 to 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. Sustained trading above there will pave the way to retest 1.7180 high.

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.

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) 1.6459; (P) 1.6501; (R1) 1.6561; More…

EUR/AUD’s rally from 1.6002 resumed after brief consolidations. Intraday bias is back on the upside for 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. Sustained trading above there will pave the way to retest 1.7180 high. On the downside, below 1.6439 minor support 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) 1.6459; (P) 1.6501; (R1) 1.6561; More…

Intraday bias in EUR/AUD is turned neutral first with current retreat, and some consolidations would be seen. Further rally is expected as long as 1.6351 resistance turned support holds. Fall from 1.7180 should have completed with three waves down to 1.6002, after being supported by 1.5996. On the upside, above 1.6540 will target 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next.

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) 1.6431; (P) 1.6466; (R1) 1.6525; More…

Intraday bias in EUR/AUD remains on the upside as rise from 1.6002 is extending. Current development suggest that fall from 1.7180 has completed with three waves down to 1.6002, after being supported by 1.5996. Further rally should be seen to 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. On the downside, below 1.6146 minor support will turn intraday bias neutral and bring consolidations 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) 1.6336; (P) 1.6385; (R1) 1.6472; More…

EUR/AUD’s rally from 1.6002 continues today and intraday bias stays on the upside. Decisive break of 38.2% of 1.7180 to 1.6002 at 1.6452 should confirm that whole fall from 1.7180 has completed with three waves down to 1.6002, after being supported by 1.5996. Next target is 61.8% retracement at 1.6730. On the downside, below 1.6351 resistance turned support will turn intraday bias neutral 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) 1.6306; (P) 1.6334; (R1) 1.6375; More…

Intraday bias in EUR/AUD remains on the upside as rebound from 1.6002 is in progress. Further rise should be seen to 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there should confirm that whole fall from 1.7180 has completed with three waves down to 1.6002, after being supported by 1.5996. On the downside, below 1.6291 minor support will turn intraday bias neutral 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.

EUR/AUD’s last break of 1.6351 resistance last week suggests that rebound from 1.6002 is resuming. Initial bias is now on the upside this week for 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there should confirm that whole fall from 1.7180 has completed with three waves down to 1.6002, after being supported by 1.5996. On the downside, though, break of 1.6132 will bring retest of 1.6002 instead.

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.

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 1.6015) 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) 1.6223; (P) 1.6270; (R1) 1.6354; More…

Intraday bias in EUR/AUD stays on the upside for the moment. Break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. On the downside, though, below 1.6132 will bring retest of 1.6002 low instead.

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) 1.6167; (P) 1.6226; (R1) 1.6311; More…

Breach of 1.6260 minor resistance suggests that EUR/AUD’s pullback from 1.6351 has completed at 1.6132. Intraday bias is back on the upside. Further rally should be seen through 1.6351 to 38.2% of 1.7180 to 1.6002 at 1.6452. On the downside, though, below 1.6132 will extend the pull back from 1.6351 towards 1.6002 low.

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) 1.6118; (P) 1.6190; (R1) 1.6231; More…

Further decline is mildly in favor in EUR/AUD as long as 1.6260 minor resistance holds. But considering that price actions from 1.6531 are corrective in nature, downside should be contained above 1.6002 low. On the upside, break of 1.6260 will turn bias back to the upside to resume the rebound from 1.6002. Next target will be 38.2% of 1.7180 to 1.6002 at 1.6452.

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) 1.6182; (P) 1.6222; (R1) 1.6281; More…

EUR/AUD’s decline from 1.6351 is still in progress and further fall would be seen towards 1.6002 low. On the upside, however, break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452.

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) 1.6156; (P) 1.6185; (R1) 1.6233; More…

Intraday bias in EUR/AUD remains mildly on the downside, as fall from 1.6351 would extend to retest 1.6002 low. On the upside, however, break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452.

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.

EUR/AUD’s fall from 1.6351 extended lower last week despite interim recovery. Initial bias stays mildly on the downside for retesting 1.6002 low. On the upside, however, break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452.

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.

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 1.6003) 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) 1.6113; (P) 1.6211; (R1) 1.6272; More…

Intraday bias in EUR/AUD is back on the downside with break of 1.6185. Deeper decline would be seen to retest 1.5996 key support level. On the upside, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452.

In the bigger picture, as long as 1.5996 support holds, 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) 1.6239; (P) 1.6284; (R1) 1.6338; More…

Intraday bias in EUR/AUD stays neutral for the moment. On the downside, below 1.6185 will bring deeper fall to retest 1.6002 low. On the upside, however, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452.

In the bigger picture, as long as 1.5996 support holds, 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) 1.6207; (P) 1.6237; (R1) 1.6275; More…

Intraday bias in EUR/AUD is turned neutral with current recovery. On the downside, below 1.6185 will bring deeper fall to retest 1.6002 low. On the upside, however, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452.

In the bigger picture, as long as 1.5996 support holds, 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.