Every day Pivots: (S1) 0.6746; (P) 0.6797; (R1) 0.6829; Extra…
Intraday bias in AUD/USD stays impartial at this level. On the upside, decisive break of 0.6898 resistance will firstly affirm resumption of rise from 0.6457. Secondly, that must also 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 means 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.
