Each day Pivots: (S1) 0.6339; (P) 0.6360; (R1) 0.6386; Extra…
AUD/USD’s restoration continues as we speak however stays beneath 0.6444 resistance. Intraday bias stays impartial and outlook stays bearish. On the draw back, decisive break of 0.6284 will affirm resumption of entire decline from 0.7156. Subsequent goal is 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195, which is near 0.6169 medium time period assist. However, agency break of 0.6444 will affirm brief time period bottoming, and switch bias to the upside for stronger rebound.
Within the greater image, down pattern from 0.8006 (2021 excessive) is probably nonetheless in progress. Decisive break of 0.6169 will goal 61.8% projection of 0.8006 to 0.6169 to 0.7156 at 0.6021. This can now stay the favored case so long as 0.6894, in case of sturdy rebound.
