Oct 03, 2022

VOT Research Desk

Analytical Viewpoint EUR/AUD

Daily Pivots: (S1) 1.5122; (P) 1.5230; (R1) 1.5424;  

The EUR/AUD intraday bias continues to be positive at the present. Rise from 1.4281 should aim for 1.5400, which is close to 1.5396 major resistances and represents 100% of the prediction from 1.4281 to 1.4965 from 1.4716.

 There will be more bullish implications if there is a firm break. The next goal is a forecast of 161.8% at 1.5823.

Below the modest support level of 1.5132 on the downside, the intraday bias will initially become neutral.

The medium term bottoming at 1.4281 is more likely given the larger picture and the bullish convergence situation in the daily MACD.

A robust rally will follow a firm breach of 1.5396 back to the crucial resistance of 1.6434. However, a rejection by 1.5396 will keep the medium-term trend bearish for a potential further decline through 1.4281.

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Sep 29 2022, 03:20 GMT

VOT Research Desk

Analytical Viewpoint EUR/AUD

Daily Pivots: (S1) 1.4844; (P) 1.4924; (R1) 1.5005;    

The EUR/AUD intraday bias is currently slightly to the upside. The current upward trend from 1.4281 should aim for 1.5139, the 61.8% prediction of 1.4281 to 1.4965 from 1.4716, and finally 1.5400, the 100% projection.

To confirm the conclusion of the rally, a break of the 1.4716 support is required on the downside.

 In the absence of regression, further ascent will continue to be advantageous.

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.

Sep 22, 2022, 10:40PM+7:00

VOT Research Desk

Analytical Viewpoint EUR/AUD

Daily Pivots: (S1) 1.4759; (P) 1.4854; (R1) 1.4935;  

For the time being, the intraday bias in the EUR/AUD remains neutral, and a further rise is likely as long as the minor support level around 1.4663 holds. 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.

Sep 16 2022, 1:30+7:00

VOT Research Desk

Analytical Viewpoint EUR/AUD

Daily Pivots: (S1) 1.4798; (P) 1.4862; (R1) 1.4986;

The uptrend in the EUR/AUD returns and the intraday bias is once more upward. A rise from the near-term bottom of 1.4281 would aim for 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.