Every day Pivots: (S1) 0.6422; (P) 0.6458; (R1) 0.6477; Extra…
AUD/USD’s break of 0.6442 assist confirms resumption of complete fall from 0.6870. Intraday bias stays on the draw back for 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. Decisive break there’ll pave the way in which to 0.6269 low, and probably additional to 100% projection at 0.6215. On the upside, above 0.6429 minor resistance will flip intraday bias and produce consolidations, earlier than staging one other fall.
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 continues to be in progress. General, sideway buying and selling might 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.
