Sep 26, 2022, 08:00PM+7:00
VOT Research Desk
Analytical Viewpoint EUR/AUD
Daily Pivots: (S1) 1.4791; (P) 1.4834; (R1) 1.4883;
As of 1.4965, the EUR/AUD is still consolidating, and the intraday bias is unchanged. As long as the weak support at 1.4663 is intact, a further surge is likely.
On the plus side, a break of 1.4965 will restart the ascent from 1.4281 to the resistance at 1.5396. On the downside, a break of the minor support level at 1.4663 will shift the bias back to the downside and cause a retesting of the 1.4281 low.
The overall downward trend from 1.9799 is still in effect
. Breaking the low point of 1.4318 will lead to the long-term support level of 1.3624, which is close to the 61.8% prediction of 1.9799 to 1.5250 from 1.6434 at 1.3623. (2017 low).
As long as the 1.5396 resistance holds, this will continue to be the best scenario.
