Every day Pivots: (S1) 0.6242; (P) 0.6271; (R1) 0.6305; Extra…
AUD/USD is shedding some draw back momentum as seen in four hour MACD. However additional decline is predicted with 0.6362 resistance holds. Present decline ought to goal 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 to the upside, for rebound to 0.6539 resistance.
Within the larger image, down development type 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.
