Forex Market Outlook: EUR/USD and AUD/USD Technical Analysis

The EUR/USD pair has entered a neutral phase following a recent decline and subsequent rebound. While the pair struggled to maintain levels below certain retracement points, the current outlook suggests potential consolidation. Key support levels to watch include 1.453 and 1.323, while a sustained break above 1.2081 could signal a shift in the larger trend.

In the AUD/USD market, a bullish flag pattern has emerged following a period of recovery. After a strong impulsive move toward the 0.7238 resistance zone, the pair has entered a consolidation phase. Traders are monitoring for a breakout above 0.72388, which could signal a continuation of the upward trend toward the 0.74126 supply zone.