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AUD/USD Each day Report


Each day Pivots: (S1) 0.6352; (P) 0.6438; (R1) 0.6484; Extra…

Intraday bias in AUD/USD stays impartial for the second. Consolidation from 0.6362 ought to lengthen, and one other restoration can’t be dominated out. However upside ought to be restricted nicely beneath 0.6698 help turned resistance. Break of 0.6362 will resume bigger down development to 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.

Within the greater image, down development kind 0.8006 (2021 excessive) is anticipated to proceed so long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, subsequent goal is 0.5506 low. Medium time period momentum will now be intently monitored to gauge the possibility of break of 0.5506.

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