Every day Pivots: (S1) 0.6660; (P) 0.6677; (R1) 0.6704; Extra…
AUD/USD edged larger to 0.6740 however rapidly retreated. Intraday bias stays impartial first. On the draw back, break of 0.6594 will resume the decline from 0.6898 to 0.6457 assist subsequent. However, agency break of 0.6740 resistance will flip bias again to the upside for stronger rebound.
Within the greater image, value actions from 0.7156 are seen as a correction to the rebound from 0.6169 solely, relatively than a part of bigger down pattern from 0.8006 (2021 excessive). Break of 0.6457 may can’t be dominated out however draw back needs to be contained above 0.6169. In the meantime, however, break of 0.6898 resistance will argue that rise from 0.6169 is able to resume by means of 0.7156.
