Daily Pivots: (S1) 1.7633; (P) 1.7963; (R1) 1.8482; More…
Intraday bias EUR/AUD stay on the upside for the moment. Current up trend should target 161.8% projection of 1.6355 to 1.7417 from 1.7047 at 1.8765 next. On the downside, below 1.7965 minor support will turn bias neutral and bring consolidations first, before staging another rally.
In the bigger picture, up trend from 1.4281 (2022 low) is in progress, and in reacceleration phase as seen in W MACD. Next target is 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Outlook will remain bullish as long as 1.7062 resistance turned support holds (2023 high) even in case of deep pullback.
