Each day Pivots: (S1) 0.6555; (P) 0.6574; (R1) 0.6593; Extra…
AUD/USD’s fall from 0.6894 resumed by breaking via 0.6513 and intraday bias is again on the draw back. Present improvement argues that bigger fall from 0.7156 remains to be in progress. Agency break of 0.6457 assist will verify this case and goal 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. For now, outlook will stays bearish so long as 0.6608 resistance holds, in case of restoration.
Within the larger image, outlook is blended for now as AUD/USD did not maintain above each 55 D EMA (now at 0.6686) and 55 W EMA (now at 0.6769). On the upside, break of 0.6894 resistance will solidify the case that down pattern from 0.8006 (2021 excessive) has already accomplished, and goal 0.7156 resistance for affirmation. Nonetheless, break of 0.6457 will seemingly resume the down pattern via 0.6169 (2022 low).
