Day by day Pivots: (S1) 0.6536; (P) 0.6573; (R1) 0.6605; Extra…
Intraday bias in AUD/USD stays impartial for consolidation above 0.6513. Present growth argues that bigger fall from 0.7156 remains to be in progress. Under 0.6513 will convey retest of 0.6457 assist first. Agency break there’ll verify this case and goal 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. However, on the upside, above 0.6628 minor resistance will combine up the outlook and switch bias again to the upside for stronger rebound.
Within the greater image, outlook is combined for now as AUD/USD did not maintain above each 55 D EMA (now at 0.6696) and 55 W EMA (now at 0.6769). On the upside, break of 0.6894 resistance will solidify the case that down development from 0.8006 (2021 excessive) has already accomplished, and goal 0.7156 resistance for affirmation. Nevertheless, break of 0.6457 will possible resume the down development via 0.6169 (2022 low).
