Day by day Pivots: (S1) 0.6812; (P) 0.6841; (R1) 0.6859; Extra…
AUD/USD continues to lose upside momentum forward of 0.6894 resistance and intraday bias is turned impartial first. On the upside, decisive break of 0.6894 will lengthen the rally from 0.6269 in direction of 0.7156 key resistance subsequent. On the draw back, nonetheless, break of 0.6796 help will point out brief time period topping, on bearish divergence situation in 4H MACD. Intraday bias might be turned again to the draw back for pullback to 0.6689 resistance turned help.
Within the greater image, there isn’t any affirmation that down pattern from 0.8006 (2021 excessive) has accomplished. Worth actions from 0.6169 (2022 low) may very well be only a medium time period corrective sample. Rise from 0.6269 is seen because the third leg of the sample. For now, vary buying and selling must be seen between 0.6169 and 0.7156 (2023 excessive), till additional developments.
