Every day Pivots: (S1) 0.6527; (P) 0.6540; (R1) 0.6553; Extra…
No change in AUD/USD’s outlook as consolidation from 0.6442 is extending. Intraday bias stays impartial for the second. Stronger restoration can’t be dominated out, however outlook will stay bearish so long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 in the direction of 0.6269 low.
Within the larger 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. General, sideway buying and selling may proceed in vary of 0.6169/7156 for some extra time. However so long as 0.7156 holds, an eventual draw back breakout could be mildly in favor.
