Day by day Pivots: (S1) 0.6573; (P) 0.6592; (R1) 0.6623; Extra…
AUD/USD’s rise from 0.6480 resumed by breaking by means of 0.6618 resistance and intraday bias is again on the upside. Present growth affirms that case sample from 0.6442 is now in is third leg. Additional rise could be seen to 0.6666 after which 100% projection of 0.6442 to 0.6666 from 0.6480 at 0.6704. However, break of 0.6548 assist will flip bias again to the draw back as an alternative.
Within the greater 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 might 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.
