Day by day Pivots: (S1) 0.6569; (P) 0.6647; (R1) 0.6692; Extra…
AUD/USD’s break of 0.6594 assist argues that rebound from 0.6457 has accomplished at 0.6894 already. Intraday bias is again on the draw back for 0.6457. Break there’ll resume the autumn from 0.7156 to 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. For now, danger will keep mildly on the draw back so long as 0.6738 resistance holds, in case of restoration.
Within the larger image, outlook is blended for now as AUD/USD didn’t maintain above each 55 D EMA (now at 0.6713) and 55 W EMA (now at 0.6784). On the upside, break of 0.65898 resistance will solidify the case that down pattern from 0.8006 (2021 excessive) has already accomplished, and goal 0.7156 resistance for affirmation. Nonetheless, break of 0.6457 will seemingly resume the down pattern via 0.6169 (2022 low).
