Daily Pivots: (S1) 0.6287; (P) 0.6315; (R1) 0.6355; More...

AUD/USD’s rally from 0.5913 is still in progress and intraday bias stays on the upside. Firm break of 0.6407 resistance will pave the way to 61.8% retracement of 0.6941 to 0.5913 at 0.6548, even still as a corrective move. On the downside, below 0.6180 minor support will turn intraday bias neutral first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. However, sustained trading above 55 W EMA (now at 0.6441) will argue that a medium term bottom was already formed, and set up further rebound to 0.6941 resistance instead.

Daily Pivots: (S1) 0.6216; (P) 0.6258; (R1) 0.6335; More...

Intraday bias in AUD/USD stays on the upside as rebound from 0.5913 short term bottom is still in progress. Sustained break of 38.2% retracement of 0.6941 to 0.5913 at 0.6316 will pave the way to 61.8% retracement at 0.6548, even still as a correction. On the downside, below 0.6180 minor support will turn intraday bias neutral again first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. However, sustained trading above 55 W EMA (now at 0.6441) will argue that a medium term bottom was already formed, and set up further rebound to 0.6941 resistance instead.

AUD/USD’s extended rebound last week confirms short term bottom at 0.5913. Rebound from there is currently seen as a corrective move first. Initial bias stays on the upside this week for 38.2% retracement of 0.6941 to 0.5913 at 0.6316. Sustained break there will target 61.8% retracement at 0.6548. On the downside, below 0.6180 minor support will turn intraday bias neutral again first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. However, sustained trading above 55 W EMA (now at 0.6446) will argue that a medium term bottom was already formed, and set up further rebound to 0.6941 resistance instead.

In the long term picture, prior rejection by 55 M EMA (now at 0.6764) is taken as a bearish signal. But for now, fall from 0.8006 is still seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper decline, strong support should emerge above 0.5506 to contain downside to bring reversal. However, this view is subject to adjustment if current decline accelerates further.

Daily Pivots: (S1) 0.6143; (P) 0.6197; (R1) 0.6277; More...

A short term bottom should be formed at 0.5913 with break of 55 4H EMA (now at 0.6158). Intraday bias is now on the upside for 38.2% retracement of 0.6941 to 0.5913 at 0.6316. Sustained break there will target 61.8% retracement at 0.6548. On the downside, below 0.6115 minor support will turn intraday bias neutral again first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 0.5987; (P) 0.6081; (R1) 0.6249; More...

AUD/USD’s rebound from 0.5913 extended higher, and it’s now pressing 55 4H EMA (now at 0.6146). Sustained trading above there will should confirm short term bottoming, and bring stronger rebound towards 0.6388 resistance. Nevertheless, rejection by the EMA, followed by break of 0.6057 minor support will bring retest of 0.5913 low, and resumption of larger fall from 0.6941 at a later stage.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 0.5907; (P) 0.5997; (R1) 0.6046; More...

AUD/USD dips to 0.5913 but quickly recovered. Intraday bias stays neutral and more consolidations could be seen. Outlook will stay bearish as long as 55 4H EMA (now at 0.6155) holds. Break of 0.5915 will resume larger decline to 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 0.5903; (P) 0.6016; (R1) 0.6098; More...

Intraday bias in AUD/USD remains neutral for consolidations above 0.5931 temporary low. Stronger rebound cannot be ruled out. But upside should be limited below 0.6218 support turned resistance to bring another fall. On the downside, break of 0.5931 will resume larger decline to 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 0.5907; (P) 0.6120; (R1) 0.6252; More...

A temporary low should be formed at 0.5931 with today’s recovery. Intraday bias in AUD/USD is turned neutral first. Stronger rebound cannot be ruled out. But upside should be limited below 0.6210 support turned resistance to bring another fall. On the downside, break of 0.5931 will resume larger decline to 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 0.5907; (P) 0.6120; (R1) 0.6252; More...

Intraday bias in AUD/USD stays on the downside for the moment. Current fall from 0.6941 should target 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860. On the upside, above 0.6062 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

AUD/USD’s steep decline and break of 0.6087 support confirms that whole fall from 0.6941 has resumed. Initial bias stays on the downside this week for 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860. On the upside, above 0.6138 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

In the long term picture, prior rejection by 55 M EMA (now at 0.6755) is taken as a bearish signal. But for now, fall from 0.8006 is still seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper decline, strong support should emerge above 0.5506 to contain downside to bring reversal. However, this view is subject to adjustment if current decline accelerates further.

Daily Pivots: (S1) 0.6240; (P) 0.6315; (R1) 0.6403; More...

AUD/USD’s steep decline today and breach of 0.6087 support indicates resumption of whole fall from 0.6941. Intraday bias is back on the downside. Next target is 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860. On the upside, above 0.6154 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 0.6240; (P) 0.6315; (R1) 0.6403; More...

AUD/USD jumped to 0.6388 but reversed again. Intraday bias remains neutral for the moment. Overall, outlook will stay bearish as long as 38.2% retracement of 0.6941 to 0.6087 at 0.6413 holds. Firm of 0.6128 support will argue that corrective pattern from 0.6087 has completed and bring retest of this low.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6461) holds.

Daily Pivots: (S1) 0.6258; (P) 0.6299; (R1) 0.6341; More...

AUD/USD spiked higher to 0.6339 but quickly reversed. Intraday bias stays neutral for the moment. On the downside, break of 0.6218 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. However, break of 0.6339 will bring stronger rise back to 0.6390/6407 resistance zone instead.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6461) holds.

Daily Pivots: (S1) 0.6246; (P) 0.6264; (R1) 0.6297; More...

Intraday bias in AUD/USD is turned neutral again with current strong recovery. ON the downside, break of 0.6218 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. However, break of 0.6329 will bring stronger rise back to 0.6390/6407 resistance zone instead.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6461) holds.

Daily Pivots: (S1) 0.6210; (P) 0.6256; (R1) 0.6292; More...

Intraday bias in AUD/USD remains mildly on the downside for 0.6186 support. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now, risk will stay on the downside as long as 0.6329 resistance holds, in case of recovery.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6467) holds.

Daily Pivots: (S1) 0.6275; (P) 0.6293; (R1) 0.6306; More...

Intraday bias in AUD/USD is back on the downside with break of 0.6257 support. Fall from 0.6390 should now target 0.6186 next. Firm break there e will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now, risk will stay on the downside as long as 0.6329 resistance holds, in case of recovery.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6467) holds.

Daily Pivots: (S1) 0.6275; (P) 0.6293; (R1) 0.6306; More...

Intraday bias in AUD/USD remains neutral as sideway trading continues. On the downside, below 0.6257 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now, outlook will stay bearish as long as 38.2% retracement of 0.6941 to 0.6087 at 0.6413 holds, in case of another recovery.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6474) holds.

Range trading continued in AUD/USD last week. Initial bias stays neutral this week first. On the downside, below 0.6257 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now, outlook will stay bearish as long as 38.2% retracement of 0.6941 to 0.6087 at 0.6413 holds, in case of recovery.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6474) holds.

In the long term picture, prior rejection by 55 M EMA (now at 0.6801) is taken as a bearish signal. But for now, fall from 0.8006 is still seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper decline, strong support should emerge above 0.5506 to contain downside to bring reversal. However, this view is subject to adjustment if current decline accelerates further.

Daily Pivots: (S1) 0.6283; (P) 0.6301; (R1) 0.6322; More...

Intraday bias in AUD/USD remains neutral as consolidation from 0.6087 is still extending. On the downside, firm break of near term trend line support (now at 0.6270) will argue that the pattern has already completed. Intraday bias will be back on the downside for 0.6186 support. Further break there will solidify this bearish case and target 0.6087 low. For now, in case of another rise, upside should be limited by 38.2% retracement of 0.6941 to 0.6087 at 0.6413.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6467) holds.

Daily Pivots: (S1) 0.6274; (P) 0.6302; (R1) 0.6327; More...

AUD/USD is extending the consolidation pattern from 0.6087 and i9ntraday bias stays neutral. On the downside, firm break of near term trend line support (now at 0.6266) will argue that the pattern has already completed. Intraday bias will be back on the downside for 0.6186 support. Further break there will solidify this bearish case and target 0.6087 low. For now, in case of another rise, upside should be limited by 38.2% retracement of 0.6941 to 0.6087 at 0.6413.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6467) holds.