Each day Pivots: (S1) 0.6395; (P) 0.6454; (R1) 0.6494; Extra…
AUD/USD’s down development continues in the present day and hits as little as 0.6379 to date. Intraday bias stays on the draw back. Subsequent goal is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6512 minor resistance will flip intraday bias impartial and convey consolidations first, earlier than staging one other decline.
Within the greater image, down development kind 0.8006 (2021 excessive) is predicted to proceed so long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, subsequent goal is 0.5506 low. Medium time period momentum will now be intently monitored to gauge the prospect of break of 0.5506.
