Each day Pivots: (S1) 0.6540; (P) 0.6558; (R1) 0.6575; Extra…
AUD/USD is extending the consolidation sample from 0.6588 and intraday bias stays impartial. Draw back of retreat needs to be contained above 0.6451 assist to convey one other rally. On the upside, above 0.6588 will resume the rebound from 0.6269 to falling channel resistance (now at 0.6676) subsequent.
Within the larger image, there isn’t any affirmation that down pattern from 0.8006 (2021 excessive) has accomplished. Whereas present rebound from 0.6269 would possibly prolong increased, it could possibly 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.
