Day by day Pivots: (S1) 0.6476; (P) 0.6505; (R1) 0.6524; Extra…
Intraday bias in AUD/USD stays on the draw back at this level. Decisive break of 0.6457 assist will affirm resumption of complete fall from 0.7156. Subsequent goal is 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. However, agency break of 0.6615 minor resistance will dampen this view, and switch bias again to the upside for stronger rebound.
Within the larger image, the down development from 0.8006 (2021 excessive) may nonetheless be in progress. Break of 0.6457 will affirm this bearish case. Additional break of 0.6169 will goal 61.8% projection of 0.8006 to 0.6169 to 0.7156 at 0.6021. It will now stay the favored case so long as 0.6894, in case of sturdy rebound.
