Each day Pivots: (S1) 0.6714; (P) 0.6755; (R1) 0.6829; Extra…
AUD/USD’s rebound from 0.6594 resumed after temporary retreat. Intraday bias is again on the upside for 0.6898 resistance subsequent. Agency break there’ll firstly verify resumption of rise from 0.6457. Secondly, that also needs to verify completion of the autumn from 0.7156 at 0.6457. Additional rally ought to then be seen to 0.7156 subsequent. On the draw back, nevertheless, under 0.6783 minor help will flip intraday bias impartial once more.
Within the greater image, value actions from 0.7156 are seen as a correction to the rebound from 0.6169 solely, fairly than a part of bigger down pattern from 0.8006 (2021 excessive). Break of 0.6457 might can’t be dominated out however draw back ought to be contained above 0.6169. In the meantime, break of 0.6898 resistance will argue that rise from 0.6169 is able to resume via 0.7156.
