Daily Pivots: (S1) 1.7823; (P) 1.7878; (R1) 1.7943; More…

EUR/AUD is staying in consolidations below 1.7989 temporary top and intraday bias remains neutral. Further rise is expected as long as 1.7626 support holds. Above 1.7989 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554.

In the bigger picture, price actions from 1.8554 medium term are currently seen as a corrective pattern. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7828; (P) 1.7910; (R1) 1.8007; More…

Intraday bias in EUR/AUD is turned neutral with current retreat. Further rise is expected as long as 1.7626 support holds. Above 1.7989 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554.

In the bigger picture, price actions from 1.8554 medium term are currently seen as a corrective pattern. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 1.7769; (P) 1.7825; (R1) 1.7921; More…

EUR/AUD’s rise from 1.7245 resumed by breaking through 1.7880 and intraday bias is back on the upside. Next target is 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. For now, further rally is expected as long as 1.7626 support holds, in case of retreat.

In the bigger picture, price actions from 1.8554 medium term are currently seen as a corrective pattern. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is expected to resume at a later stage.

EUR/AUD rebounded after retreating to 1.7626 last week but failed to break through 1.7880 resistance. Initial bias remains neutral this week first. Overall development suggests that fall from 1.8554 has completed as a corrective move at 1.7245. On the upside, break of 1.7880 will resume the rise from there to 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. However, break of 1.7626 will dampen this bullish case and turn focus back to 1.7459 support.

In the bigger picture, price actions from 1.8554 medium term are currently seen as a corrective pattern. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is expected to resume at a later stage.

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 1.6303) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7646; (P) 1.7718; (R1) 1.7813; More…

EUR/AUD is staying in consolidations below 1.7880 and intraday bias remains neutral. Further rally is expected with 1.7459 support intact. Above 1.7880 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. However, break of 1.7459 will dampen this bullish view and bring deeper decline back to 1.7245 low.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7602; (P) 1.7672; (R1) 1.7714; More…

Intraday bias in EUR/AUD remains neutral and more consolidations would be seen below 1.7880. Further rally is expected with 1.7459 support intact. Above 1.7880 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. However, break of 1.7459 will dampen this bullish view and bring deeper decline back to 1.7245 low.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7674; (P) 1.7716; (R1) 1.7767; More…

No change in EUR/AUD’s outlook. Intraday bias stays neutral for consolidations below 1.7880 and further rally is expected with 1.7459 support intact. Above 1.7880 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. However, break of 1.7459 will dampen this bullish view and bring deeper decline back to 1.7245 low.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7665; (P) 1.7744; (R1) 1.7800; More…

Intraday bias in EUR/AUD stays neutral as consolidations continue below 1.7880 temporary top. Overall development suggests that fall from 1.8554 has completed as a corrective move. Further rise is expected as long as 1.7459 support holds. Above 1.7880 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. However, break of 1.7459 will dampen this bullish view and bring deeper decline back to 1.7245 low.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7731; (P) 1.7807; (R1) 1.7885; More…

Intraday bias in EUR/AUD remains neutral for the moment, and more consolidations could be seen below 1.7880 temporary top. Overall development suggests that fall from 1.8554 has completed as a corrective move. Further rise is expected as long as 1.7459 support holds. Above 1.7880 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

EUR/AUD’s rebound from 1.7245 resumed last week but lost some momentum after hitting 1.7880. Initial bias is turned neutral this week first. Overall development suggests that fall from 1.8554 has completed as a corrective move. Further rise is expected as long as 1.7459 support holds. Above 1.7880 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

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 1.6303) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7648; (P) 1.7740; (R1) 1.7828; More…

Intraday bias in EUR/AUD remains on the upside at this point. Rebound from 0.7245 is in progress for 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Firm break there will pave the way to 1.8554. On the downside, below 1.7720 minor support will turn intraday bias neutral again first.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7554; (P) 1.7617; (R1) 1.7735; More…

EUR/AUD’s rise from 1.7245 continues today and break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 suggests that fall from 1.8554 has ready completed as a correction. Further rally should be seen to 61.8% retracement at 1.8054 next. For now, further rally is expected as long as 1.7459 support holds, in case of retreat.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7554; (P) 1.7617; (R1) 1.7735; More…

EUR/AUD’s rebound from 1.7245 is resuming by breaking through 1.7705 and intraday bias is back on the upside. Decisive break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will add to the case that fall from 1.8554 has already completed as a correction. Further rally should be seen to 61.8% retracement at 1.8054 next. This will now remain the favored case as long as 1.7460 support holds.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7469; (P) 1.7511; (R1) 1.7559; More…

Intraday bias in EUR/AUD stays neutral at this point. On the downside, firm break of 1.7460 support will suggest that recovery from 1.7245 has already completed at 1.7705, 38.2% retracement of 1.8554 to 1.7245 at 1.7745. Intraday bias will be back on the downside for 1.7245 first. Firm break there will resume whole decline from 1.8554. On the upside, sustained break of 1.7745 will target 61.8% retracement at 1.8054.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7491; (P) 1.7525; (R1) 1.7557; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the downside, firm break of 1.7460 support will suggest that recovery from 1.7245 has already completed at 1.7705, 38.2% retracement of 1.8554 to 1.7245 at 1.7745. Intraday bias will be back on the downside for 1.7245 first. Firm break there will resume whole decline from 1.8554. On the upside, sustained break of 1.7745 will target 61.8% retracement at 1.8054.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

Daily Pivots: (S1) 1.7519; (P) 1.7566; (R1) 1.7598; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, decisive break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will solidify the case that fall from 1.8554 has completed as a corrective move. Next target is 61.8% retracement at 1.8054. On the downside, however, break of 1.7460 support will bring retest of 1.7245 instead.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

EUR/AUD edged higher to 1.7705 last week but failed to break through 38.2% retracement of 1.8554 to 1.7245 at 1.7745 and retreated. Initial bias remains neutral this week first. On the upside, decisive break of 1.7745 will solidify the case that fall from 1.8554 has completed as a corrective move. Next target is 61.8% retracement at 1.8054. On the downside, however, break of 1.7460 support will bring retest of 1.7245 instead.

In the bigger picture, with 55 W MACD staying well below signal line, 1.8554 is likely a medium term top already. Price actions from there are seen as a corrective pattern only. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is still expected to resume at a later stage.

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 1.6294) holds, this second leg could still extend higher.

Daily Pivots: (S1) 1.7543; (P) 1.7574; (R1) 1.7624; More…

No change in EUR/AUD’s outlook and intraday bias stays neutral. On the upside, firm break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will solidify the case that fall from 1.8554 has completed as a correction. Next target is 61.8% retracement at 1.8054. On the downside, however, break of 1.7460 support will bring retest of 1.7245 instead.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 is expected after the whole corrective pattern from there completes. However, sustained break of 1.7062 will bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7541; (P) 1.7590; (R1) 1.7637; More…

Intraday bias in EUR/AUD remains neutral. On the upside, firm break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will solidify the case that fall from 1.8554 has completed as a correction. Next target is 61.8% retracement at 1.8054. On the downside, however, break of 1.7460 support will bring retest of 1.7245 instead.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 is expected after the whole corrective pattern from there completes. However, sustained break of 1.7062 will bring deeper fall back to 1.5963 support.

Daily Pivots: (S1) 1.7551; (P) 1.7629; (R1) 1.7674; More…

EUR/AUD’s rebound from 1.7245 lost momentum as seen in 4H MACD, and intraday bias is turned neutral. On the upside, firm break of 38.2% retracement of 1.8554 to 1.7245 at 1.7745 will solidify the case that fall from 1.8554 has completed as a correction. Next target is 61.8% retracement at 1.8054. On the downside, however, break of 1.7460 support will bring retest of 1.7245 instead.

In the bigger picture, as long as 1.7062 resistance turned support (2023 high) holds, up trend from 1.4281 (2022 low) should still be in progress. Break of 1.8554 is expected after the whole corrective pattern from there completes. However, sustained break of 1.7062 will bring deeper fall back to 1.5963 support.