Every day Pivots: (S1) 0.6227; (P) 0.6270; (R1) 0.6335; Extra…
AUD/USD is staying in consolidation from 0.6169 and intraday bias stays impartial. Additional decline is anticipated so long as 0.6362 help turned resistance holds. Agency break of 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155 will goal 138.2% projection at 0.5781. However, break of 0.6362 will point out brief time period bottoming, on bullish convergence situation in four hour MACD, and convey stronger rebound again to 0.6539 resistance.
Within the larger image, down pattern kind 0.8006 (2021 excessive) is anticipated to proceed so long as 0.6680 help turned resistance holds. Subsequent goal is 0.5506 low. Medium time period momentum will now be carefully monitored to gauge the prospect of break of 0.5506.
