Daily Pivots: (S1) 1.6220; (P) 1.6312; (R1) 1.6361; More…
Intraday bias in EUR/AUD remains neutral and consolidation from 1.6033 could extend. Further decline is expected with 1.6772 resistance intact. On the downside, break of 1.6033 will resume the fall from 1.9799 and target next support level at 1.5346. On the upside, however, break of 1.6772 resistance will confirm short term bottoming and turn bias back to the upside for stronger rebound.