AUD/USD Daily Report – Action Forex

Each day Pivots: (S1) 0.6357; (P) 0.6403; (R1) 0.6431; More…

Intraday bias in AUD/USD is turned impartial first. 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, and switch bias again to the draw back for 55 D EMA (now at 0.6312) and beneath.

Within the larger image, so long as 55 W EMA (now at 0.6440) holds, the down development 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.