AUD/USD stayed in range below 0.6444 last week and outlook is unchanged. Initial bias remains neutral first and another rise could be seen as long as 0.6253 support holds. Break of 0.6444 will resume the rebound form 0.5506 to 0.6670 key resistance next. Nevertheless, on the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

In the longer term picture, down trend from 1.1079 (2011) is still in progress. It’s a bit early to just the depth of the down trend. But sustained break of 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 could pave the way to 100% projection at 0.3882.

Daily Pivots: (S1) 0.6300; (P) 0.6353; (R1) 0.6423; More…

AUD/USD continues to stay in range below 0.6444 and intraday bias remains neutral first. As long as 0.6213 resistance turned support holds, further rise is mildly in favor. On the upside, above 0.6444 will turn bias to the upside to resume whole rebound from 0.5506, towards 0.6685 key resistance. However, on the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6282; (P) 0.6317; (R1) 0.6356; More…

Intraday bias in AUD/USD stays neutral for the moment. Further rise is mildly in favor with 0.6213 support intact. On the upside, break of 0.6444 will extend the rebound from 0.5506 to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance. On the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6243; (P) 0.6295; (R1) 0.6336; More…

Intraday bias in AUD/USD remains neutral first. With 0.6213 support intact, further rise is mildly in favor. On the upside, break of 0.6444 will extend the rebound from 0.5506 to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance. On the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6315; (P) 0.6356; (R1) 0.6380; More…

AUD/USD is staying in range below 0.6444 and intraday bias remains neutral first. With 0.6213 support intact, further rise is mildly in favor. On the upside, break of 0.6444 will extend the rebound from 0.5506 to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance. On the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6323; (P) 0.6354; (R1) 0.6394; More…

Intraday bias in AUD/USD remains neutral for the moment. Further rise is mildly in favor with 0.6213 support intact. On the upside, break of 0.6444 will extend the rebound from 0.5506 to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance. On the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

AUD/USD edged higher to 0.6444 last week but turned sideway since then. Initial bias remains neutral this week first and further rise is mildly in favor with 0.6213 support intact. On the upside, break of 0.6444 will extend the rebound from 0.5506 to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance. On the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

In the longer term picture, down trend from 1.1079 (2011) is still in progress. It’s a bit early to just the depth of the down trend. But sustained break of 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 could pave the way to 100% projection at 0.3882.

Daily Pivots: (S1) 0.6279; (P) 0.6306; (R1) 0.6348; More…

AUD/USD recovered after hitting 4 hour 55 EMA but stays below 0.6444 temporary top. Intraday bias remains neutral first. on the upside, break of 0.6444 will extend the rebound from 0.5506 to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance. On the downside, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6256; (P) 0.6350; (R1) 0.6415; More…

Intraday bias in AUD/USD remains neutral first. On the downside, break of 0.6213 resistance turned support will argue that rebound from 0.5506 has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation. On the upside, break of 0.6444 will extend the rebound to 100% projection of 0.5506 to 0.6213 from 0.5979 at 0.6686, which is close to 0.6684 key resistance.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6397; (P) 0.6421; (R1) 0.6467; More…

AUD/USD retreats after hitting 0.6444, failing to sustain above 61.8% projection of 0.5506 to 0.6213 from 0.5979 at 0.6416. Intraday bias is turned neutral first. On the downside, break of 0.6213 resistance turned support will argue that rebound from 0.5506 has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation. On the upside, break of 0.6444 will extend the rebound to 100% projection at 0.6686, which is close to 0.6684 key resistance.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6338; (P) 0.6373; (R1) 0.6420; More…

AUD/USD’s rebound from 0.5506 continues today and met 61.8% projection of 0.5506 to 0.6213 from 0.5979 at 0.6416. there is no sign of topping yet. Current rise could target 100% projection at 0.6686, which is close to 0.6684 key resistance. On the downside, though, break of 0.6213 resistance turned support will argue that such rebound has completed. Intraday bias will be turned back to the downside for 0.5979 support for confirmation.

In the bigger picture, there is no clear sign of trend reversal yet. The larger down trend from 1.1079 (2011 high) is still in favor to extend. 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6151; (P) 0.6197; (R1) 0.6277; More…

Intraday bias in AUD/USD remains on the upside as rebound from 0.5506 is extending. Further rise could be seen to 61.8% projection of 0.5506 to 0.6213 from 0.5979 at 0.6416. On the downside, break of 0.5979 will now indicate completion of rise from 0.5506. Intraday bias will be turned back to the downside for retesting 0.5506.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6096; (P) 0.6152; (R1) 0.6228; More…

AUD/USD retreats mildly after failing 0.6213 resistance. But with 0.5979 support intact, further rise is mildly in favor. Break of 0.6213 will extend the corrective rise from 0.5506 to 61.8% projection of 0.5506 to 0.6213 from 0.5979 at 0.6416. On the downside, break of 0.5979 will now indicate completion of rise from 0.5506. Intraday bias will be turned back to the downside for retesting 0.5506.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6017; (P) 0.6061; (R1) 0.6132; More…

AUD/USD’s strong rebound suggests that pull back from 0.6213 has completed at 0.5979. Focus is back on 0.6213. Break will resume whole rebound from 0.5506 to 61.8% projection of 0.5506 to 0.6213 from 0.5979 at 0.6416. On the downside, break of 0.5979 will now indicate completion of rise from 0.5506. Intraday bias will be turned back to the downside for retesting 0.5506.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5958; (P) 0.6017; (R1) 0.6054; More…

Intraday bias in AUD/USD remains neutral for the moment. We’d still expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

AUD/USD stayed in correction from 0.5506 last week and outlook is unchanged. We’d still expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

In the longer term picture, down trend from 1.1079 (2011) is still in progress. It’s a bit early to just the depth of the down trend. But sustained break of 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 could pave the way to 100% projection at 0.3882.

Daily Pivots: (S1) 0.6008; (P) 0.6064; (R1) 0.6120; More…

Intraday bias in AUD/USD stays neutral for the moment. Rebound from 0.5506 is seen as a corrective move. Upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6024; (P) 0.6091; (R1) 0.6143; More…

Intraday bias in AUD/USD remains neutral at this point. We’d continue to expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6079; (P) 0.6146; (R1) 0.6210; More…

Intraday bias in AUD/USD is neutral for the moment and outlook is unchanged. We’d still expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6125; (P) 0.6155; (R1) 0.6197; More…

No change in AUD/USD’s outlook. We’d still expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.