Each day Pivots: (S1) 0.6555; (P) 0.6574; (R1) 0.6593; Extra…
AUD/USD dips notably at the moment however stays above 0.6513 momentary low. Intraday bias stays impartial first, and outlook stays bearish. Present growth argues that bigger fall from 0.7156 remains to be in progress. Under 0.6513 will deliver retest of 0.6457 assist first. Agency break there’ll verify this case and goal 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. However, on the upside, above 0.6628 minor resistance will combine up the outlook and switch bias again to the upside for stronger rebound.
Within the greater image, outlook is combined for now as AUD/USD didn’t maintain above each 55 D EMA (now at 0.6686) and 55 W EMA (now at 0.6769). On the upside, break of 0.6894 resistance will solidify the case that down pattern from 0.8006 (2021 excessive) has already accomplished, and goal 0.7156 resistance for affirmation. Nonetheless, break of 0.6457 will possible resume the down pattern by 0.6169 (2022 low).
