AUD/USD Daily Analysis: Upward Momentum Targets 61.8% Projection
Monday, 8 July 2024, 06:13
AUD/USD Daily Analysis
Overview:
The intraday bias in AUD/USD continues upwards, targeting the 61.8% projection level.
Key Points:
- Upward Momentum: Current rally aims for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837.
- Support Levels: Minor support at 0.6699 may impact the intraday bias but long-term outlook remains bullish above 0.6619.
Conclusion: The AUD/USD pair maintains an upward bias with a target projection, despite potential short-term fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.