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AUD/USD Each day Report


Each day Pivots: (S1) 0.7158; (P) 0.7217; (R1) 0.7251; Extra…

Intraday bias in AUD/USD is turned impartial first with break of 0.7205 minor help. On the upside, break of 0.7277, and sustained buying and selling above 55 day EMA (now at 0.7236) will argue that fall from 0.8006 has accomplished at 0.6992, after defending 0.6991 help. Additional rally can be seen to 0.7555 resistance for affirmation. Nonetheless, break of 0.7081 help will revive close to time period bearishness and convey retest of 0.6991/2 key help zone.

Within the greater image, robust rebound from 0.6991 key structural help will retain medium time period bullishness. That’s, entire up pattern from 0.5506 remains to be in progress. Agency break of 0.7555 resistance will goal 0.8006 excessive and above. Nonetheless, sustained break of 0.6991 will argue that the entire up pattern from 0.5506 may be completed at 0.8006, after rejection by 0.8135 long run resistance. Deeper decline would then be seen again to 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

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