Each day Pivots: (S1) 0.6741; (P) 0.6780; (R1) 0.6811; Extra…
AUD/USD rebounds notably after drawing assist from 55 4H EMA, however stays beneath 0.6894/eight resistance zone. Intraday bias stays impartial for the second. On the upside, decisive break of 0.6898 resistance will firstly affirm resumption of rise from 0.6457. Secondly, that also needs to affirm completion of the autumn from 0.7156 at 0.6457. Subsequent goal will likely be 100% projection of 0.6457 to 0.6898 from 0.6594 at 0.7035, after which 0.7156 resistance.
Within the greater image, worth 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 by way of 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 0.6703) holds.
