Every day Pivots: (S1) 0.6364; (P) 0.6390; (R1) 0.6436; Extra…
Outlook in AUD/USD is unchanged as consolidation kind 0.6284 is in progress. Intraday bias stays impartial at this level. Outlook will keep bearish so long as 0.6500 resistance holds. Beneath 0.6284 will resume the autumn from 0.7156. Subsequent goal is 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195.
Within the greater image, down development from 0.8006 (2021 excessive) is probably nonetheless in progress. Decisive break of 0.6169 will goal 61.8% projection of 0.8006 to 0.6169 to 0.7156 at 0.6021. It will now stay the favored case so long as 0.6894, in case of robust rebound.
