EUR/AUD Daily Outlook

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.

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