Each day Pivots: (S1) 0.6559; (P) 0.6576; (R1) 0.6601; Extra…
Intraday bias in AUD/USD stays on the upside at this level. Present rise from 0.6269 is in progress for falling channel resistance (now at 0.6665) subsequent. For now, outlook will stay bullish so long as 0.6520 assist holds, in case of retreat.
Within the larger image, there isn’t any affirmation that down development 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.
