Daily Pivots: (S1) 0.6344; (P) 0.6387; (R1) 0.6409; More… AUD/USD’s steep decline now suggests that rebound from 0.6269 has completed at 0.6521. This development indicates that 0.6510 cluster support (38.2% of 0.6894 down to 0.6269, 0.6508) has been rejected and the near-term bearishness is still present. After retesting the low of 0.6269, intraday bias is now on the downside. […]
The AUD/USD Daily Report was first published on Action Forex.