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AUD/USD Day by day Report


Day by day Pivots: (S1) 0.6707; (P) 0.6747; (R1) 0.6772; Extra…

Intraday bias in AUD/USD stays mildly on the draw back at this level. Deeper decline ought to be seen however draw back ought to be contained above 0.6594 help to convey rebound. On the upside, above 0.6845 will convey retest of 0.6898 resistance. Decisive break there’ll resume rise from 0.6457.

Within the larger image, value actions from 0.7156 are seen as a correction to the rebound from 0.6169 (2022 low). Break of 0.6898 resistance will argue that rise from 0.6169 is able to resume via 0.7156. Subsequent goal will likely be 100% projection of 0.6169 to 0.7156 from 0.6457 at 0.7444. For now, this would be the favored case so long as 55 D EMA (now at 0.6715) holds.

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