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AUD/USD Day by day Report


Day by day Pivots: (S1) 0.7201; (P) 0.7237; (R1) 0.7257; Extra…

AUD/USD drops sharply in the present day however stays above 0.7081. Intraday bias stays impartial first. On the draw back, break of 0.7081 help will point out that corrective rebound from 0.6992 has accomplished with three waves as much as 0.7277, after hitting 55 day EMA. Intraday bias shall be again on the draw back for retesting 0.6991/2 help zone. Agency break there’ll resume bigger down development from 0.8006. ON the upside, by way of, break of 0.7277 will flip bias to the upside to renew the rebound.

Within the greater image, sturdy rebound from 0.6991 key structural help will retain medium time period bullishness. That’s, entire up development from 0.5506 remains to be in progress. Agency break of 0.7555 resistance will goal 0.8006 excessive and above. Nevertheless, sustained break of 0.6991 will argue that the entire up development from 0.5506 could be 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.

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