Each day Pivots: (S1) 0.6625; (P) 0.6650; (R1) 0.6701; Extra…
Additional rally is predicted in AUD/USD so long as 0.6570 assist holds. Sustained break of channel resistance (now at 0.6652) will argue that entire decline from 0.7156 has accomplished with three waves all the way down to 0.6269. Additional rally ought to then be seen to 0.6894 resistance for affirmation. Nonetheless, break of 0.6570 assist will point out rejection by the channel and switch bias again to the draw back.
Within the greater image, there is no such thing as a affirmation that down development from 0.8006 (2021 excessive) has accomplished. worth actions from 0.6169 (2022 low) could possibly be only a medium time period corrective sample, with rise from 0.6269 because the third leg. For now, vary buying and selling ought to be seen between 0.6169 and 0.7156 (2023 excessive), till additional developments.
