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AUD/USD Each day Report


Each day Pivots: (S1) 0.6729; (P) 0.6761; (R1) 0.6792; Extra…

AUD/USD’s rebound from 0.6714 extends increased at the moment however stays under 0.6845 minor resistance. Intraday bias stays impartial at this level. On the upside, above 0.6845 will deliver retest of 0.6898 resistance. Decisive break there’ll resume rise from 0.6457. On the draw back under 0.6714 will resume the autumn from 0.6894, because the third leg of the corrective sample from 0.6898. However draw back needs to be contained above 0.6594 assist to deliver rebound.

Within the greater 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 shall 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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