Every day Pivots: (S1) 0.6437; (P) 0.6480; (R1) 0.6557; Extra…
AUD/USD is staying in consolidation from 0.6362 and intraday bias stays impartial. Stronger restoration could possibly be seen. However upside needs to be restricted properly 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 larger image, down development type 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 carefully monitored to gauge the possibility of break of 0.5506.
