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AUD/USD Day by day Report


Day by day Pivots: (S1) 0.7105; (P) 0.7141; (R1) 0.7170; Extra…

AUD/USD’s break of 0.7116 minor help means that rebound from 0.6992 has accomplished at 0.7185. Intraday bias is again on the draw back for retesting 0.6992 low. Sustained break of 0.6991 key medium time period structural help will carry bigger bearish implication and resume the autumn from 0.8006. On the upside, although, above 0.7185 will resume the rebound from 0.6992 to EMA (now at 0.7259).

Within the larger image, sustained break of 0.6991 structural help will argue that the entire up development from 0.5506 is perhaps completed at 0.8006, after rejection by 0.8135 long run resistance. Deeper decline would then be seen again to 61.8% retracement of 0.5506 to 0.8006 at 0.6461). For now, medium time period outlook will keep bearish so long as 0.7555 resistance holds, in case of rebound.

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