Every day Pivots: (S1) 0.6509; (P) 0.6531; (R1) 0.6560; Extra…
Intraday bias in AUD/USD stays mildly on the draw back at this level. Decisive break of 0.6480 assist will argue that is able to resume by way of 0.6442. Subsequent goal shall be 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. For now, danger will keep mildly on the draw back so long as 0.6643 resistance holds, in case of restoration.
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 can be mildly in favor.
