Every day Pivots: (S1) 0.6231; (P) 0.6289; (R1) 0.6329; Extra…
Intraday bias in AUD/USD stays on the draw back at this level as down development is in progress. Subsequent goal is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6362 minor resistance will flip intraday bias impartial and produce consolidations. However outlook will stay bearish so long as 0.6539 resistance holds.
Within the larger image, down development kind 0.8006 (2021 excessive) is predicted 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 prospect of break of 0.5506.
