Every day Pivots: (S1) 0.6416; (P) 0.6473; (R1) 0.6583; Extra…
Intraday bias in AUD/USD is turned impartial with present restoration. Some consolidations may very well be seen first. However outlook will stay bearish so long as 0.6698 help turned resistance holds. Break of 0.6362 will resume bigger down development. Subsequent goal is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.
Within the larger image, down development kind 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 possibility of break of 0.5506.
