Each day Pivots: (S1) 0.6718; (P) 0.6746; (R1) 0.6792; Extra…
AUD/USD’s rally resumed after temporary retreat and intraday bias is again on the upside. As famous earlier than, fall from 0.7156 may have accomplished with three waves all the way down to 0.6269. Additional rise must be seen to 0.6894 resistance first. Sustained break there’ll goal 0.7156 subsequent. On the draw back, beneath 0.6689 minor help will flip intraday bias impartial for consolidations once more. However outlook will stay mildly bullish so long as 0.6541 help holds, in case of retreat.
Within the greater image, there isn’t a affirmation that down development from 0.8006 (2021 excessive) has accomplished. Value actions from 0.6169 (2022 low) may very well be only a medium time period corrective sample. Rise from 0.6269 is seen because the third leg of the sample. For now, vary buying and selling must be seen between 0.6169 and 0.7156 (2023 excessive), till additional developments.
