Each day Pivots: (S1) 0.6362; (P) 0.6407; (R1) 0.6448; Extra…
AUD/USD’s decline remains to be in progress and intraday bias stays on the draw back. Subsequent goal is 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. On the upside, above 0.6479 minor resistance will flip intraday bias impartial and produce consolidations first, earlier than staging one other fall.
Within the greater image, the down pattern from 0.8006 (2021 excessive) might nonetheless be in progress. Break of 0.6457 assist affirms 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. This may now stay the favored case so long as 0.6894, in case of sturdy rebound.
