Each day Pivots: (S1) 0.6360; (P) 0.6377; (R1) 0.6393; Extra…
Intraday bias in AUD/USD is turned impartial first with present restoration. However outlook stays bearish so long as 0.6520 resistance holds. Beneath 0.6356 will resume bigger down. Subsequent goal is 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195.
Within the larger image, present growth argues that the down pattern from 0.8006 (2021 excessive) remains to be in progress. Decisive 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.
