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AUD/USD Day by day Report


Day by day Pivots: (S1) 0.6588; (P) 0.6630; (R1) 0.6685; Extra…

Intraday bias in AUD/USD is turned impartial with present restoration, and a few consolidations might be seen above 0.6573 momentary low. Upside of restoration needs to be restricted under 0.6951 resistance to carry one other fall. On the draw back, break of 0.6573 will resume bigger down development to 0.6461 long run fibonacci stage.

Within the greater image, worth actions from 0.8006 (2021 excessive) is seen extra as a corrective sample to rise from 0.5506 (2020 low). Or it is also a bearish impulsive transfer. In both case, outlook will stay bearish so long as 0.7135 resistance holds. Subsequent goal is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

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