Daily Pivots: (S1) 1.6823; (P) 1.6853; (R1) 1.6885; More…
Intraday bias in EUR/AUD stays on the upside for the moment. Current rise is part of the up trend from 1.4281. Next target is 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.
