Every day Pivots: (S1) 0.6474; (P) 0.6502; (R1) 0.6526; Extra…
Intraday bias in AUD/USD stays on the upside for the second. Sustained break of 55 D EMA (now at 0.6527) will argue that fall from 0.6870 has accomplished, and convey additional rally to 0.6643 resistance subsequent. On the draw back, although, break of 0.6440 minor help will point out rejection by 55 D EMA and retain close to time period bearishness. Retest of 0.6361 low must be seen subsequent.
Within the greater 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 continues to 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 could be mildly in favor.
