The Euro / Australian dollar rebounds strongly to the level of 1.5959 so far today. A strong break of 1.5853 resistance first points to a short-term bottom at 1.5683, a bullish convergence in the 4-hour MACD. Secondly, a corrective fall from 1.6765 could also have ended in three waves down to 1.5683. Intraday offset returns up for resistance 1.6122. A breakthrough will pave the way back to a maximum of 1.6765. However, on the other hand, below 1.5828 a slight support will turn the offset back in the opposite direction for 1.5683.