Every day Pivots: (S1) 0.6817; (P) 0.6856; (R1) 0.6928; Extra…
Intraday bias in AUD/USD stays on the upside with deal with 0.6898 resistance. Decisive break there’ll will firstly verify resumption of rise from 0.6457. Secondly, that also needs to verify completion of the autumn from 0.7156 at 0.6457. Subsequent goal can be 100% projection of 0.6457 to 0.6898 from 0.6594 at 0.7035, after which 0.7156 resistance. On the draw back, nevertheless, beneath 0.6840 minor help will flip intraday bias impartial first.
Within the larger image, value actions from 0.7156 are seen as a correction to the rebound from 0.6169 (2022 low). Break of 0.6898 resistance will argue that rise from 0.6169 is able to resume via 0.7156. Subsequent goal can be 100% projection of 0.6169 to 0.7156 from 0.6457 at 0.7444. For now, this would be the favored case so long as 55 D EMA (now at 0.6697) holds.
