Intraday bias in EUR/AUD is turned neutral first with current retreat. Some consolidations would be seen below 1.6334, but another rise will remain in favor as long as 1.6163 support holds. Above 1.6334 will extend the rebound from 1.6072 to 1.6444 resistance next. However, break of 1.6163 will bring retest of 1.6072 low instead.
In the bigger picture, as long as 1.6617 resistance holds, down trend from 1.8554 (2025 high) should still be in progress. Break of 1.6072 is expected at a later stage for resumption. However, considering bullish divergence condition in D MACD, firm break of 1.6617 will confirm medium term bottoming.
