Intraday bias in EUR/AUD remains mildly on the upside at this point. Rebound from 1.6072 short term bottom should target 1.6444 resistance first. Firm break there will target 1.6617 key structural resistance next. On the downside, below 1.6163 support will bring retest of 1.6072 low instead.
In the bigger picture, as long as 1.6617 resistance holds, down trend from 1.8554 (2025 high) should still be in progress. Break of 1.6072 is expected at a later stage for resumption. However, considering bullish divergence condition in D MACD, firm break of 1.6617 will confirm medium term bottoming.
