AUD/USD Daily Outlook
Daily Pivots: (S1) 1.0693; (P) 1.0739; (R1) 1.0800; More
AUD/USD’s sharp decline from 1.1079 is still in progress and dips further to 1.0652 so far today. Intraday bias remains on the downside and deeper fall could now be seen to 1.0524 support and below. At this point, we’re still staying medium term bullish in AUD/USD and thus, we’d expect strong support above 1.0390 to bring rebound. Above 1.0785 minor resistance will flip bias back to the upside for retesting 1.1079 high.
In the bigger picture, rise from 0.8066 is part
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