Daily Pivots: (S1) 0.7626; (P) 0.7683; (R1) 0.7724; More…
Intraday bias in AUD/USD is turned neutral for consolidation below 0.7741 temporary top. Downside of retreat should be contained by 0.7461 support to bring another rally. On the upside, break of 0.7741 will resume current up trend to 61.8% projection of 0.5506 to 0.7413 from 0.6991 at 0.8170 next.
In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise form 0.5506 could either the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is.
