Every day Pivots: (S1) 0.6430; (P) 0.6488; (R1) 0.6520; Extra…
Intraday bias in AUD/USD stays on the draw back for 0.6442 help. Decisive break there verify resumption of the autumn from 0.6870 and goal 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. On the upside, above 0.6498 resistance will flip intraday bias and produce consolidations. However threat will keep mildly on the draw back so long as 0.6643 resistance holds, in case of restoration.
Within the greater image, worth 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 remains to be be in progress. Total, 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.
