Every day Pivots: (S1) 0.6460; (P) 0.6478; (R1) 0.6510; Extra…
Intraday bias in AUD/USD is turned impartial with present restoration, and a few consolidations can be seen first. However outlook will stay bearish so long as 0.6621 resistance holds. Under 0.6442 will resume the autumn from 0.6870 to 61.8% projection of 0.6870 to 0.6524 from 0.6621 at 0.6407. Agency break there’ll goal 100% projection at 0.6275, which is near 0.6269 assist.
Within the greater image, worth actions from 0.6169 (2022 low) are seen as a medium time period corrective sample to the down pattern from 0.8006 (2021 excessive). Fall from 0.7156 (2023 excessive) is seen because the second leg, which could nonetheless be in progress. Total, sideway buying and selling might proceed in vary of 0.6169/7156 for some extra time. However so long as 0.7156 holds, an eventual draw back breakout can be mildly in favor.
