Scroll Top

AUD/USD Mid-Day Report


Every day Pivots: (S1) 0.6714; (P) 0.6755; (R1) 0.6829; Extra…

AUD/USD’s rally accelerates to as excessive as 0.6888 to date right now. Intraday bias stays on the upside at this level. Decisive break of 0.6898 resistance will firstly verify resumption of rise from 0.6457. Secondly, that also needs to verify completion of the autumn from 0.7156 at 0.6457. Subsequent goal will likely be 100% projection of 0.6457 to 0.6898 from 0.6594 at 0.7035, after which 0.7156 resistance. On the draw back, nevertheless, under 0.6840 minor assist will flip intraday bias impartial first.

Within the greater image, worth actions from 0.7156 are seen as a correction to the rebound from 0.6169 (2022 low). Break of 0.6898 resistance will argue that rise from 0.6169 is able to resume by way of 0.7156. Subsequent goal will likely be 100% projection of 0.6169 to 0.7156 from 0.6457 at 0.7444. For now, this would be the favored case so long as 55 D EMA (now at 0.6697) holds.

Featured Evaluation

Leave a comment