Daily Pivots: (S1) 0.6559; (P) 0.6576; (R1) 0.6601; More…
Intraday bias in AUD/USD stays on the upside at this point. Current rise from 0.6269 is in progress for falling channel resistance (now at 0.6665) next. For now, outlook will remain bullish as long as 0.6520 support holds, in case of retreat.
In the bigger picture, there is no confirmation that down trend from 0.8006 (2021 high) has completed. While current rebound from 0.6269 might extend higher, it could be the third leg of the corrective pattern from 0.6169 (2022 low) only. For now, medium term bearishness will remain as long as 0.6894 resistance holds.
 next. For now, outlook will remain bullish as long as 0.6520 support holds, in case of retreat.){kind=link}