AUD/USD Daily Report – Action Forex

Intraday bias in AUD/USD stays impartial at this level. On the upside, above 0.6448 will resume the rebound from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. Nevertheless, agency break of 0.6343 help will affirm quick time period topping. Intraday bias shall be turned again to the draw back for 38.2% retracement of 0.5913 to 0.6448 at 0.6244.

Within the larger image, so long as 55 W EMA (now at 0.6440) holds, the down pattern from 0.8006 (2021 excessive) ought to resume later to 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. Nevertheless, sustained buying and selling above 55 W EMA will argue {that a} medium time period backside was already shaped, and arrange additional rebound to 0.6941 resistance as an alternative.