Daily Pivots: (S1) 0.7019; (P) 0.7075; (R1) 0.7106; More… AUD/USD fell notably after rejection by 4 hour 55 EMA. But downside is held above 0.7040 low so far. Intraday bias remains neutral first. Another rebound cannot be ruled out yet. But upside should be limited well below 0.7314 resistance to bring down trend resumption eventually. […]

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Original source: https://www.actionforex.com/technical-outlook/audusd-outlook/138553-aud-usd-daily-outlook-452/

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