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AUD/USD Mid-Day Report


Each day Pivots: (S1) 0.6242; (P) 0.6271; (R1) 0.6305; Extra…

AUD/USD’s decline extends in the present day and intraday bias stays on the draw back. Subsequent goal is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. Agency break there’ll pave the best way to 0.5781. On the upside, above 0.6345 minor resistance will flip intraday bias impartial first. However outlook will keep bearish so long as 0.6539 resistance holds.

Within the greater image, down development type 0.8006 (2021 excessive) is predicted to proceed so long as 0.6680 help turned resistance holds. Subsequent goal is 0.5506 low. Medium time period momentum will now be intently monitored to gauge the possibility of break of 0.5506.

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