Daily Pivots: (S1) 0.6437; (P) 0.6480; (R1) 0.6557; More…

AUD/USD is staying in consolidation from 0.6362 and intraday bias remains neutral. Stronger recovery could be seen. But upside should be limited well below 0.6698 support turned resistance. Break of 0.6362 will resume larger down trend to 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, next target is 0.5506 low. Medium term momentum will now be closely monitored to gauge the chance of break of 0.5506.

Daily Pivots: (S1) 0.6352; (P) 0.6438; (R1) 0.6484; More…

Intraday bias in AUD/USD remains neutral for the moment. Consolidation from 0.6362 should extend, and another recovery cannot be ruled out. But upside should be limited well below 0.6698 support turned resistance. Break of 0.6362 will resume larger down trend to 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, next target is 0.5506 low. Medium term momentum will now be closely monitored to gauge the chance of break of 0.5506.

AUD/USD’s down trend continued last week and fell to 0.6362, then recovered. Initial bias stays neutral this week first. In case of another recovery, upside should be limited well below 0.6698 support turned resistance. Break of 0.6362 will resume larger down trend to 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, next target is 0.5506 low. Medium term momentum will now be closely monitored to gauge the chance of break of 0.5506.

In the long term picture, current medium term downside momentum raises the chance of resumption of long term down trend from 1.1079 (2011 high). It’s still a it early to judge the chance. But break of 0.5506 will target 0.4773 (2001 low).

Daily Pivots: (S1) 0.6449; (P) 0.6488; (R1) 0.6540; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6362 continues. Outlook will remain bearish as long as 0.6698 support turned resistance holds. Break of 0.6362 will resume larger down trend. Next target is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, next target is 0.5506 low. Medium term momentum will now be closely monitored to gauge the chance of break of 0.5506.

Daily Pivots: (S1) 0.6416; (P) 0.6473; (R1) 0.6583; More…

Intraday bias in AUD/USD is turned neutral with current recovery. Some consolidations could be seen first. But outlook will remain bearish as long as 0.6698 support turned resistance holds. Break of 0.6362 will resume larger down trend. Next target is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, next target is 0.5506 low. Medium term momentum will now be closely monitored to gauge the chance of break of 0.5506.

Daily Pivots: (S1) 0.6395; (P) 0.6454; (R1) 0.6494; More…

AUD/USD’s down trend continues today and hits as low as 0.6379 so far. Intraday bias stays on the downside. Next target is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6512 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. With 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 firmly taken out, next target is 0.5506 low. Medium term momentum will now be closely monitored to gauge the chance of break of 0.5506.

Daily Pivots: (S1) 0.6415; (P) 0.6477; (R1) 0.6515; More…

Intraday bias in AUD/USD stays on the downside for the moment. Firm break of 0.6461 long term fibonacci level will target 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6573 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461 is already met. Sustained break there will pave the way back to retest 0.5506.

AUD/USD’s down trend resumed by breaking through 0.6680 low decisively, and hit as low as 0.6510. Initial bias is on the downside this week. Next target is 0.6461 long term fibonacci level. Break there will target 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6669 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, down trend form 0.8006 (2021 high) is expected to continue as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 (2020 low) to 0.8006 at 0.6461. Sustained break there will pave the way back to retest 0.5506.

In the long term picture, rejection by 0.8135 resistance suggests that the long term down trend from 1.1079 (2011 high) is not ready to reverse. Yet, the structure of the fall from 0.8006 still is not clearly impulsive. Hence, break of 0.5506 low is not envisaged for now. The long term outlook stays neutral first, and will be reassessed later after the fall from 0.8006 completes.

Daily Pivots: (S1) 0.6588; (P) 0.6630; (R1) 0.6685; More…

Intraday bias in AUD/USD is turned neutral with current recovery, and some consolidations could be seen above 0.6573 temporary low. Upside of recovery should be limited below 0.6951 resistance to bring another fall. On the downside, break of 0.6573 will resume larger down trend to 0.6461 long term fibonacci level.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6601; (P) 0.6653; (R1) 0.6684; More…

Intraday bias in AUD/USD stays on the downside at this point. Current down trend should target 0.6461 long term fibonacci level. On the upside, above 0.6698 support turned resistance will turn intraday bias neutral and bring consolidations. But outlook will now remain bearish as long as 0.6915 resistance holds, in case of recovery.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6662; (P) 0.6705; (R1) 0.6732; More…

AUD/USD’s break of 0.6680 support should now confirm down trend resumption. Intraday bias is back on the downside this week. Next target is 0.6461 long term fibonacci level. On the upside, above 0.6746 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will now remain bearish as long as 0.6915 resistance holds, in case of recovery.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6688; (P) 0.6711; (R1) 0.6750; More…

Intraday bias in AUD?USD remains neutral for the moment, and further decline is still mildly in favor. On the downside, decisive break of 0.6680 will resume larger down trend. Next target will be 0.6461 long term fibonacci level. On the upside, above 0.6769 minor resistance will turn bias back to the upside for 0.6915 resistance instead.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6687; (P) 0.6705; (R1) 0.6741; More…

Intraday bias in AUD/USD remains neutral first and outlook stays bearish. On the downside, decisive break of 0.6680 will resume larger down trend. Next target will be 0.6461 long term fibonacci level. On the upside, above 0.6769 minor resistance will turn bias back to the upside for 0.6915 resistance instead.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

AUD/USD breached 0.6680 support briefly last week but failed to close below. Initial bias remains neutral this week first. Decisive break of 0.6680 will resume larger down trend. Next target will be 0.6461 long term fibonacci level. On the upside, above 0.6769 minor resistance will turn bias back to the upside for 0.6915 resistance instead.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

In the long term picture, rejection by 0.8135 resistance suggests that the long term down trend from 1.1079 (2011 high) is not ready to reverse. Yet, the structure of the fall from 0.8006 still argues that it’s a corrective move. Hence, break of 0.5506 low is not envisaged for now. The long term outlook stays neutral first, and will be reassessed later after the fall from 0.8006 completes.

Daily Pivots: (S1) 0.6674; (P) 0.6722; (R1) 0.6748; More…

Intraday bias in AUD/USD remains neutral for the moment, and outlook stays bearish with prior rejection by 55 day EMA. Decisive break of 0.6680 will resume larger down trend. Next target will be 0.6461 long term fibonacci level. On the upside, break of 0.6915 resistance will be a near term bullish signal, and bring stronger rally through 0.7008 towards 0.7135 resistance.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6715; (P) 0.6738; (R1) 0.6770; More…

Intraday bias in AUD/USD stays neutral first. Prior rejection by 55 day EMA is a near term bearish sign. Decisive break of 0.6680 will resume larger down trend. Next target will be 0.6461 long term fibonacci level. On the upside, break of 0.6915 resistance will be a near term bullish signal, and bring stronger rally through 0.7008 towards 0.7135 resistance.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6667; (P) 0.6792; (R1) 0.6856; More…

Intraday bias in AUD/USD remains neutral first. On the downside, firm break of 0.6680 support will resume larger down trend. Next target is 0.6461 long term fibonacci level. On the upside, sustained break of 55 day EMA (now at 0.6915) will target 0.7135 resistance next.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6843; (P) 0.6871; (R1) 0.6919; More…

AUD/USD’s break of 0.6823 minor support argues that rebound from 0.6698 has completed. Intraday bias is turned neutral first. On the downside, further break of 0.6680 low will resume larger down trend. On the upside, sustained break of 55 day EMA (now at 0.6915) will target 0.7135 resistance next.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6843; (P) 0.6871; (R1) 0.6919; More…

Intraday bias in AUD/USD remains mildly on the upside as rebound from 0.6698 is in progress. Sustained break of 55 day EMA (now at 0.6915). Sustained break there will target 0.7135 resistance next. On the downside, below 0.6823 minor support will turn intraday bias neutral first. Further break of 0.6680 low will will resume larger down trend.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 0.6766; (P) 0.6821; (R1) 0.6901; More…

AUD/USD’s rebound from 0.6698 is still in progress. Intraday bias stays on the upside for 55 day EMA (now at 0.6915). Sustained break there will target 0.7135 resistance next. On the downside, below 0.6823 minor support will turn intraday bias neutral first. Further break of 0.6680 low will will resume larger down trend.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7135 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.