Each day Pivots: (S1) 0.6490; (P) 0.6515; (R1) 0.6543; Extra…
Intraday bias in AUD/USD stays on the upside for the second. Sustained break of 55 D EMA (now at 0.6527) will argue that fall from 0.6870 has accomplished, and produce additional rally to 0.6643 resistance subsequent. On the draw back, although, break of 0.6464 minor assist will flip bias again to the draw back for retesting 0.6361 as a substitute.
Within the greater image, worth actions from 0.6169 (2022 low) are seen as a medium time period corrective sample to the down development from 0.8006 (2021 excessive). Fall from 0.7156 (2023 excessive) is seen because the second leg, which continues to be in progress. General, 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 could be mildly in favor.
