Each day Pivots: (S1) 0.6276; (P) 0.6338; (R1) 0.6371; Extra…
AUD/USD’s break of 0.6284 assist signifies resumption of complete decline from 0.7156. Intraday bias is again on the draw back. 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. For now, outlook will keep bearish so long as 0.6398 resistance holds, in case of restoration.
Within the greater image, down development 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.
