Daily Pivots: (S1) 0.6902; (P) 0.6922; (R1) 0.6937; More...
Intraday bias in AUD/USD is turned neutral first with 4H MACD crossed below signal line, and some consolidations could be seen. But further rise is expected as long as 55 4H EMA (now at 0.6802) holds. ON the upside, sustained trading above 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910 will pave the way to 100% projection at 0.7213.
In the bigger picture, current development argues that rise from 0.5913 (2024 low) is reversing whole down trend from 0.8006 (2021 high). Further rally should be seen to 61.8% retracement of 0.8006 to 0.5913 at 0.7206. This will remain the favored case as long as 0.6420 support holds, even in case of deep pullback.
 holds. ON the upside, sustained trading above 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910 will pave the way to 100% projection at 0.7213.){kind=link}