AUD/USD stayed in sideway trading below 0.7890 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise will remain mildly in favor as long as 0.7673 support holds. On the upside, break of 0.7890 resistance will resume the rally from 0.7530 to retest 0.8006 high. On the downside, break of 0.7673 will suggest that correction from 0.8006 is extending with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7733; (P) 0.7757; (R1) 0.7797; More…

Intraday bias in AUD/USD remains neutral for the moment and another rise is still mildly in favor. Break of 0.7890 will target a test on 0.8005 high. However, firm break of 0.7687 support should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7691; (P) 0.7746; (R1) 0.7782; More…

AUD/USD is staying in range above 0.7687 support and intraday bias remains neutral first. Another rise is mildly in favor. Break of 0.7890 will target a test on 0.8005 high. However, firm break of 0.7687 support should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7765; (P) 0.7789; (R1) 0.7815; More…

Intraday bias in AUD/USD remains neutral as range trading continues. With 0.7673 support intact, further rise is in favor. On the upside, above 0.7890 will resume the rally from 0.7530 to retest 0.8006 high. However, firm break of 0.7673 support should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7739; (P) 0.7761; (R1) 0.7792; More…

AUD/USD rebounds today but stays below 0.7890 resistance. Intraday bias remains neutral first. With 0.7673 support intact, further rise is in favor. On the upside, above 0.7890 will resume the rally from 0.7530 to retest 0.8006 high. However, firm break of 0.7673 support should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7736; (P) 0.7761; (R1) 0.7809; More…

Intraday bias in AUD/USD remains neutral for the moment and some more consolidations could be seen. With 0.7673 support intact, further rise is in favor. On the upside, above 0.7890 will resume the rally from 0.7530 to retest 0.8006 high. However, firm break of 0.7673 support should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

AUD/USD edged higher to 0.7890 last week but retreated sharply from there. Though, downside was contained above 0.7673 support. Initial bias remains neutral for this week and further rise is still expected. On the upside, above 0.7890 will resume the rally from 0.7530 to retest 0.8006 high. However, firm break of 0.7673 support should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support and possibly below.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7696; (P) 0.7721; (R1) 0.7754; More…

Intraday bias in AUD/USD remains neutral for the moment and some more consolidation could be seen. Another rise is expected with 0.7673 support intact. On the upside, break of 0.7890 will resume the rise from 0.7530 to retest 0.8006 high. However, break of 0.7673 should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7683; (P) 0.7764; (R1) 0.7809; More…

AUD/USD’s pull back from 0.7890 extended lower, but stays above 0.7673 support. Intraday bias remains neutral and another rise remains in favor. On the upside, break of 0.7890 will resume the rise from 0.7530 to retest 0.8006 high. However, break of 0.7673 should extend the correction from 0.8006 with another falling leg. Intraday bias will be turned back to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7821; (P) 0.7839; (R1) 0.7857; More…

Intraday bias in AUD/USD remains neutral for consolidations below 0.7890 temporary top. But outlook stays cautiously bullish as long as 0.7676 support holds. Above 0.7890 will extend the rise from 0.7530 for retesting 0.8006 high. Break will resume larger up trend. However, break of 0.7673 will likely extend the correction from 0.8006 with another falling leg.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7807; (P) 0.7849; (R1) 0.7870; More…

A temporary top is formed in AUD/USD with current retreat and intraday bias is turned neutral for some consolidations. But outlook stays cautiously bullish as long as 0.7676 support holds. Above 0.7890 will extend the rise from 0.7530 for retesting 0.8006 high. Break will resume larger up trend.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7783; (P) 0.7822; (R1) 0.7884; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise form 0.7503 should target a test on 0.8006 next. Break will resume larger up trend. For now, near term outlook will remain cautiously bullish as long as 0.7673 support holds, in case of retreat.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

AUD/USD’s rebound from 0.7530 resumed last week by breaking through 0.7815 resistance. The development affirmed out bullish view that correction from 0.8006 has completed with three waves down to 0.7530. Initial bias stays on the upside for retesting 0.8006 high next. For now, near term outlook will remain cautiously bullish as long a s0.7673 support holds, in case of retreat.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7728; (P) 0.7758; (R1) 0.7815; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.7815 continues. With 0.7676 support intact, further rise is expected. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7676 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7716; (P) 0.7736; (R1) 0.7767; More…

Range trading continues in AUD/USD and intraday bias remains neutral first. Further rise is still in favor with 0.7676 support intact. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7676 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7670; (P) 0.7717; (R1) 0.7760; More…

Intraday bias in AUD/USD remains neutral at this point, as it recovery after drawing support from 0.7676. Further rise is still in favor. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7724; (P) 0.7745; (R1) 0.7785; More…

AUD/USD is staying in consolidation from 0.7815 and intraday bias remains neutral first. With 0.7676 support intact, further rise is in favor. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7677; (P) 0.7730; (R1) 0.7765; More…

Intraday bias in AUD/USD remains neutral for the moment. Further rise is still in favor with 0.7676 minor support intact. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

AUD/USD failed to break through 0.7815 resistance firm again last week and overall outlook is unchnagd3e. Initial bias stays neutral this week for some more consolidations. But further rise will remain in favor as long as 0.7676 resistance turned support holds. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will dampen our bullish view and bring retest of 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7738; (P) 0.7778; (R1) 0.7805; More…

Intraday bias in AUD/USD remains neutral for the moment. We’re still favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.