Day by day Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; Extra…
Intraday bias in AUD/USD stays on the upside at this level. Rise from 0.6480 is seen because the third leg of the sample from 0.6442. Additional rally can be seen to 0.6666 resistance, after which 100% projection of 0.6442 to 0.6666 from 0.6480 at 0.6704. Nonetheless, break of 0.6548 help will flip bias again to the draw back 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.
