Day by day Pivots: (S1) 0.6598; (P) 0.6613; (R1) 0.6629; Extra…
Intraday bias in AUD/USD stays impartial as consolidation continues beneath 0.6666 short-term high. One other rise might be mildly in favor so long as 55 4H EMA (now at 0.6569) holds. Above 0.6666 will resume the rebound from 0.6442 to 61.8% retracement of 0.6877 to 0.6442 at 0.6707 subsequent. Sustained buying and selling above there’ll argue rise from 0.6442 might be resuming complete rally from 0.6269. However, sustained break of 55 4H EMA will revive close to time period bearishness and produce retest of 0.6442 low as a substitute.
Within the greater image, value 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. Total, sideway buying and selling might 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.
