Every day Pivots: (S1) 0.6520; (P) 0.6545; (R1) 0.6568; Extra…
Intraday bias in AUD/USD stays impartial for the second. Extra consolidations might be seen beneath 0.6588. However draw back ought to be contained above 0.6451 help to carry one other rally. On the upside, above 0.6588 will resume the rebound from 0.6269 to falling channel resistance (now at 0.6676) subsequent.
Within the larger image, there isn’t a affirmation that down pattern from 0.8006 (2021 excessive) has accomplished. Whereas present rebound from 0.6269 may lengthen greater, it might be the third leg of the corrective sample from 0.6169 (2022 low) solely. For now, medium time period bearishness will stay so long as 0.6894 resistance holds.
