Each day Pivots: (S1) 0.6406; (P) 0.6432; (R1) 0.6446; Extra…
Intraday bias in AUD/USD is again on the draw back a current decline resumes by means of 0.6388 momentary low. Sustained break of 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378 will lengthen the autumn from 0.6870 to 100% projection at 0.6215. On the upside, break of 0.6455 resistance will flip intraday bias impartial once more first.
Within the greater image, worth actions from 0.6169 (2022 low) are seen as a medium time period corrective sample to the down pattern from 0.8006 (2021 excessive). Fall from 0.7156 (2023 excessive) is seen because the second leg, which continues to be in progress. Total, sideway buying and selling may proceed in vary of 0.6169/7156 for some extra time. However so long as 0.7156 holds, an eventual draw back breakout can be mildly in favor.
