Each day Pivots: (S1) 0.6508; (P) 0.6540; (R1) 0.6559; Extra…
Intraday bias in AUD/USD is turned impartial first, with lack of draw back momentum. On the draw back, 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 0.6608 minor resistance will dampen this view, and switch bias again to the upside for stronger rebound.
Within the larger image, outlook is blended for now as AUD/USD did not maintain above each 55 D EMA (now at 0.6686) 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 by way of 0.6169 (2022 low).
