EUR/AUD’s strong rebound indicates short term bottoming at 1.6078, on bullish divergence condition in 4H MACD. Intraday bias is mildly on the upside for 55 D EMA (now at 1.6289) and possibly above. On the downside, decisive break of 1.6078/6108 will resume larger down trend.
In the bigger picture, fall from 1.8554 (2025 high) is in progress. On resumption, next target is 61.8% projection of 1.8160 to 1.6125 from 1.6617 at 1.5359. Outlook will remain bearish as long as 1.6617 resistance holds, in case of rebound.
 and possibly above. On the downside, decisive break of 1.6078/6108 will resume larger down trend.){kind=link}