Every day Pivots: (S1) 0.6558; (P) 0.6589; (R1) 0.6618; Extra….
AUD/USD retreated larger hitting 0.6618 and intraday bias is turned impartial first. Rise from 0.6480 is seen because the third leg of the corrective sample from 0.6442. Above 0.6618 will goal 0.6633 resistance first. Break there’ll goal 0.6666 and above. Nonetheless, on the draw back, sustained break of 55 4H EMA (now at 0.6543) will convey deeper fall again to 0.6442/6480 assist zone as a substitute.
Within the larger image, value actions from 0.6169 (2022 low) are seen as a medium time period corrective sample to the down development 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 can be mildly in favor.
