Each day Pivots: (S1) 0.6718; (P) 0.6737; (R1) 0.6759; Extra…
Intraday bias in AUD/USD is turned impartial with present restoration On the draw back beneath 0.6714 will resume the autumn from 0.6894, because the third leg of the corrective sample from 0.6898. However draw back must be contained above 0.6594 help to carry rebound. On the upside, above 0.6845 will carry retest of 0.6898 resistance. Decisive break there’ll resume rise from 0.6457.
Within the larger image, worth actions from 0.7156 are seen as a correction to the rebound from 0.6169 (2022 low). Break of 0.6898 resistance will argue that rise from 0.6169 is able to resume via 0.7156. Subsequent goal will probably be 100% projection of 0.6169 to 0.7156 from 0.6457 at 0.7444. For now, this would be the favored case so long as 55 D EMA (now at 0.6715) holds.
