Each day Pivots: (S1) 0.6473; (P) 0.6495; (R1) 0.6536; Extra…
AUD/USD’s rise from 0.6269 resumes at present by breaking by way of 0.6541 resistance. Intraday bias is again on the upside. Present growth argues that complete decline from 0.7156 has accomplished with three waves right down to 0.6269. Additional rally must be seen to falling channel resistance (now at 0.6676) subsequent. However, under 0.6451 assist will dampen this bullish view and switch intraday bias impartial first.
Within the greater image, there is no such thing as a affirmation that down development from 0.8006 (2021 excessive) has accomplished. Whereas present rebound from 0.6269 may prolong increased, it might be the third leg of the corrective sample from 0.6169 (2022 low) solely. For now, medium time period bearishness will stay so long as 0.6894 resistance holds.
