Every day Pivots: (S1) 0.6338; (P) 0.6385; (R1) 0.6416; Extra…
Intraday bias in AUDUSD stays on the draw back this week. Present down pattern ought to goal 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155 subsequent. On the upside, break of 0.6539 resistance is required to point brief time period bottoming. In any other case, outlook will keep bearish in case of restoration.
Within the greater image, down pattern kind 0.8006 (2021 excessive) is anticipated to proceed so long as 0.6680 assist turned resistance holds. Subsequent goal is 0.5506 low. Medium time period momentum will now be carefully monitored to gauge the possibility of break of 0.5506.
