Daily Pivots: (S1) 0.6735; (P) 0.6744; (R1) 0.6755; More...
Intraday bias in AUD/USD is back on the upside with breach of 0.6760 temporary top. Rise from 0.6361 is resuming and should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. On the downside, however, break of 0.6723 minor support will turn bias back to the downside for deeper pullback.
In the bigger picture, price actions from 0.6169 (2022 low) are seen as a medium term corrective pattern to the down trend from 0.8006 (2021 high). Fall from 0.7156 (2023 high) is seen as the second leg, which could have completed at 0.6269 already. Rise from there is seen as the third leg which is now trying to resume through 0.6870 resistance.
