Every day Pivots: (S1) 0.6455; (P) 0.6501; (R1) 0.6551; Extra…
Intraday bias in AUD/USD stays impartial as consolidation from 0.6362 is extending. Stronger restoration can’t be dominated out. However upside ought to be restricted properly under 0.6698 assist turned resistance. Break of 0.6362 will resume bigger down development to 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.
Within the larger image, down development type 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 carefully monitored to gauge the prospect of break of 0.5506.
