Daily Pivots: (S1) 0.6498; (P) 0.6516; (R1) 0.6551; More...

AUD/USD is extending consolidations from 0.6440 and intraday bias remains neutral. Outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 to 100% projection at 0.6257 next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6467; (P) 0.6489; (R1) 0.6530; More...

Intraday bias in AUD/USD stays neutral and some more consolidations would be seen above 0.6440 temporary low. But outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 to 100% projection at 0.6257 next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6443; (P) 0.6463; (R1) 0.6482; More...

Intraday bias in AUD/USD is turned neutral first with 4H MACD crossed above signal line. Some consolidations would be seen but outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 to 100% projection at 0.6257 next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

AUD/USD’s fall from 0.6491 resumed last week. Initial bias stays on the downside this week for 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421. Firm break there will target 100% projection at 0.6257 next. On the upside, above 0.6511 support turned resistance will turn intraday bias neutral and bring consolidations first. But outlook will stay bearish as long as 0.6687 resistance holds, in case of recovery.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

In the long term picture, the down trend from 1.1079 (2011 high) should have completed at 0.5506 (2020 low) already. It’s unsure yet whether price actions from 0.5506 are developing into a corrective pattern, or trend reversal. But in either case, fall from 0.8006 is seen as the second leg of the pattern. Firm break of 0.7156 resistance will argue that the third leg has already started towards 0.8006.

Daily Pivots: (S1) 0.6431; (P) 0.6465; (R1) 0.6488; More...

Intraday bias in AUD/USD remain son the downside for the moment. Current fall from 0.6941 should target 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421. Firm break there will target 100% projection at 0.6257 next. On the upside, above 0.6511 support turned resistance will turn intraday bias neutral and bring consolidations first. But outlook will stay bearish as long as 0.6687 resistance holds, in case of recovery.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6462; (P) 0.6504; (R1) 0.6528; More...

AUD/USD’s fall from 0.6941 resumed by breaking through 0.6511 support and intraday bias is back on the downside. Further decline should now be seen to 0.6269/6348 support zone next. For now, near term outlook will stay bearish as long as 0.6687 resistance holds, in case of recovery.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6505; (P) 0.6543; (R1) 0.6573; More...

Intraday bias in AUD/USD remains neutral for the moment. On the upside, above 0.6597 minor resistance will turn bias back to the upside for 0.6687 first. Firm break there will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the fall from 0.6941 instead.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6559; (P) 0.6579; (R1) 0.6594; More...

Intraday bias in AUD/USD stays neutral at this point. Further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the fall from 0.6941 instead.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6533; (P) 0.6608; (R1) 0.6657; More...

Intraday bias in AUD/USD remains neutral for the moment. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the fall from 0.6941 instead.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

AUD/USD rebounded to 0.6687 last week but was rejected by 55 D EMA (now at 0.6681). Initial bias is turned neutral this week first. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the fall from 0.6941 instead.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

In the long term picture, the down trend from 1.1079 (2011 high) should have completed at 0.5506 (2020 low) already. It’s unsure yet whether price actions from 0.5506 are developing into a corrective pattern, or trend reversal. But in either case, fall from 0.8006 is seen as the second leg of the pattern. Firm of 0.7156 resistance will argue that the third leg has already started towards 0.8006.

Daily Pivots: (S1) 0.6600; (P) 0.6644; (R1) 0.6724; More...

Intraday bias in AUD/USD remains on the upside as rebound from 0.6511 short term bottom is in progress. Sustained break of 55 D EMA (now at 0.6682) will bring stronger rebound back 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the fall from 0.6941 instead.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6508; (P) 0.6577; (R1) 0.6640; More...

AUD/USD’s break of 0.6644 resistance indicates short term bottoming at 0.6511, on bullish convergence condition in 4H MACD, after drawing support from 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Intraday bias is back on the upside for 55 D EMA (now at 0.6682). Sustained break there will bring stronger rebound back 61.8% retracement of 0.6941 to 0.6511 at 0.6777.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6508; (P) 0.6577; (R1) 0.6640; More...

AUD/USD failed to sustain below 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348, and recovered after dipping to 0.6511. Intraday bias is turned neutral again first. Further fall is still expected as long as 0.6644 resistance holds. Firm break of 0.6526 will pave the way to 0.6348 support next. However, considering bullish convergence condition in 4H MACD, break of 0.6644 will indicate short term bottoming, and turn bias back to the upside for 55 D EMA (now at 0.6682).

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6597; (P) 0.6620; (R1) 0.6660; More...

Intraday in AUD/USD is back on the downside with breach of 0.6536 support. Fall from 0.6941 is resuming and sustained trading below 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next. For now, outlook will stay bearish as long as 0.6644 resistance holds, in case of recovery.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6571; (P) 0.6595; (R1) 0.6611; More...

AUD/USD is staying in consolidation above 0.6536 and intraday bias remains neutral. Stronger recovery might be seen, but outlook stays bearish as long as 55 D EMA (now at 0.6688) holds. On the downside, sustained break of 0.61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6545; (P) 0.6568; (R1) 0.6583; More...

AUD/USD recovers further today as consolidation from 0.6536 continues. Intraday bias stays neutral at this point, and further decline remains expected as long as 55 D EMA (now at 0.6692) holds. On the downside, sustained break of 0.61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

AUD/USD’s fall from 0.6941 continued last week but formed a temporary low at 0.6536, ahead of 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Initial bias remains neutral this week for consolidations first. Further decline is expected as long as 55 D EMA (now at 0.6700) holds. On the downside, sustained break of 0.6526 will target 0.6348 support next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

In the long term picture, the down trend from 1.1079 (2011 high) should have completed at 0.5506 (2020 low) already. It’s unsure yet whether price actions from 0.5506 are developing into a corrective pattern, or trend reversal. But in either case, fall from 0.8006 is seen as the second leg of the pattern. Firm of 0.7156 resistance will argue that the third leg has already started towards 0.8006.

Daily Pivots: (S1) 0.6553; (P) 0.6568; (R1) 0.6597; More...

Intraday bias in AUD/USD remains neutral and more consolidations could be seen above 0.6536 temporary low. Further decline is expected as long as 55 D EMA (now at 0.6695) holds. On the downside, sustained break of 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6541; (P) 0.6568; (R1) 0.6600; More...

A temporary low was formed at 0.6536 with current recovery and intraday bias is turned neutral first. Further decline is expected as long as 55 D EMA (now at 0.6700) holds. On the downside, sustained break of 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.

Daily Pivots: (S1) 0.6539; (P) 0.6567; (R1) 0.6589; More...

Intraday bias in AUD/USD remains on the downside, as decline from 0.6941 is in progress for 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Sustained break there will target 0.6348 support next. On the upside, above 0.6609 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, rise from 0.6269 (2023 low) should have completed with three waves up to 0.6941. Corrective pattern from 0.6169 (2022 low) is now extending with another falling leg. Deeper decline would be seen back to 0.6269 as sideway trading extends.