EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6785; (P) 1.6849; (R1) 1.6956; More

EUR/AUD’s rally continues today and intraday bias remains on the upside. Current rally is part of the up trend from 1.4281. Next target is 1.7377 projection level next. On the downside, break 1.6737 minor support will intraday bias neutral and bring consolidations first, before staging another rise.

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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