Day by day Pivots: (S1) 0.6549; (P) 0.6565; (R1) 0.6580; Extra…
Intraday bias in AUD/USD stays impartial for the second and outlook is unchanged. Restoration from 0.6442 may lengthen increased, however outlook will stay bearish so long as 0.6621 resistance holds. On the draw back, beneath 0.6520 minor assist will flip bias to the draw back for retesting 0.6442. Nonetheless, contemplating bullish convergence situation in 4H MACD, decisive break of 0.6621 will flip close to time period outlook bullish for 0.6870 resistance as an alternative.
Within the greater image, worth actions from 0.6169 (2022 low) are seen as a medium time period corrective sample to the down development from 0.8006 (2021 excessive). Fall from 0.7156 (2023 excessive) is seen because the second leg, which could nonetheless be in progress. General, sideway buying and selling may proceed in vary of 0.6169/7156 for some extra time. However so long as 0.7156 holds, an eventual draw back breakout can be mildly in favor.
