Day by day Pivots: (S1) 0.6537; (P) 0.6564; (R1) 0.6582; Extra…
A brief prime ought to be in place at 0.6588 in AUD/USD with present retreat. Intraday bias is turned impartial for consolidations. Draw back ought to be contained above 0.6451 help to deliver one other rally. On the upside, above 0.6588 will resume the rebound from 0.6269 to falling channel resistance (now at 0.6676) subsequent.
Within the larger image, there isn’t any affirmation that down pattern from 0.8006 (2021 excessive) has accomplished. Whereas present rebound from 0.6269 may lengthen increased, it could possibly be the third leg of the corrective sample from 0.6169 (2022 low) solely. For now, medium time period bearishness will stay so long as 0.6894 resistance holds.
