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AUD/USD Day by day Report

aud/usd-day-by-day-report

Day by day Pivots: (S1) 0.7125; (P) 0.7191; (R1) 0.7247; Extra…

Intraday bias in AUD/USD stays on the draw back at this level. Sustained break of 0.7164 help will verify that complete rebound from 0.6966 has accomplished at 0.7660. Extra importantly, such improvement will recommend that bigger correction from 0.8006 has already began the third leg. Deeper decline can be seen again to retest 0.6966 low subsequent. On the upside, above 0.7250 minor resistance will flip intraday bias impartial first.

Within the greater image, worth actions from 0.8006 are seen as a corrective sample to rise from 0.5506 (2020 low). Break of 0.7164 will recommend that such correction continues to be in progress, with fall from 0.7660 because the third leg. Subsequent goal shall be 50% retracement of 0.5506 to 0.8006 at 0.6756. On the upside, break of 0.7660 will revive that case that the correction has already accomplished at 0.6966.

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