Daily Pivots: (S1) 0.6639; (P) 0.6668; (R1) 0.6685; More…

Intraday in AUD/USD remains neutral at this point as sideway trading continues above 0.6594. With 0.6710 resistance intact, further decline is in favor. On the downside, break of 0.6594 will resume the decline from 0.6898 to 0.6457 support next. Nevertheless, firm break of 0.6719 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 only, rather than part of larger down trend from 0.8006 (2021 high). Break of 0.6457 could be seen but downside should be contained above 0.6169. This will now remain the favored case as high as 0.6898 resistance holds. Nevertheless, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6654; (P) 0.6680; (R1) 0.6717; More…

AUD/USD is still staying in consolidation from 0.6594 and intraday bias remains neutral. Further fall is in favor with 0.6719 resistance intact. On the downside, break of 0.6594 will resume the decline from 0.6898 to 0.6457 support next. Nevertheless, firm break of 0.6719 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 only, rather than part of larger down trend from 0.8006 (2021 high). Break of 0.6457 could be seen but downside should be contained above 0.6169. This will now remain the favored case as high as 0.6898 resistance holds. Nevertheless, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6643; (P) 0.6667; (R1) 0.6698; More…

AUD/USD falls slightly after failing to sustain above 55 4H EMA, but stays above 0.6594 support. Intraday bias remains neutral this point. Further fall is in favor with 0.6719 resistance intact. On the downside, break of 0.6594 will resume the decline from 0.6898 to 0.6457 support next. Nevertheless, firm break of 0.6719 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 only, rather than part of larger down trend from 0.8006 (2021 high). Break of 0.6457 could be seen but downside should be contained above 0.6169. This will now remain the favored case as high as 0.6898 resistance holds. Nevertheless, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6618; (P) 0.6645; (R1) 0.6687; More…

Intraday bias in AUD/USD remains neutral and further fall is in favor with 0.6719 resistance intact. On the downside, break of 0.6594 will resume the decline to 0.6457 support next. Nevertheless, firm break of 0.6719 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 only, rather than part of larger down trend from 0.8006 (2021 high). Break of 0.6457 could be seen but downside should be contained above 0.6169. This will now remain the favored case as high as 0.6898 resistance holds. Nevertheless, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

AUD/USD’s decline from 0.6898 continued last week but recovered after hitting 0.6594. Initial bias remains neutral week for consolidations. Further decline is in favor as long as 0.6719 resistance holds. Break of 0.6594 will resume the decline to 0.6457 support next. Nevertheless, firm break of 0.6719 will turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 only, rather than part of larger down trend from 0.8006 (2021 high). Break of 0.6457 could be seen but downside should be contained above 0.6169. This will now remain the favored case as high as 0.6898 resistance holds. Nevertheless, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

In the long term picture, fall from 0.8006 is seen as a corrective move to up rise from 0.5506 (2020 low). This correction could have completed at 0.6169. Sustained trading above 55 M EMA (now at 0.7102) will affirm this case, and indicate that rise from 0.5506 is ready to resume. However, firm break of 0.6169 will revive long term bearish ness and turn focus back to 0.5506 low.

Daily Pivots: (S1) 0.6595; (P) 0.6618; (R1) 0.6639; More…

AUD/USD continues to gyrate around 61.8% retracement of 0.6457 to 0.6898 at 0.6625 and intraday bias is turned neutral first. Further decline will remain in favor as long as 0.6719 resistance holds. Sustained trading below 0.6625 will pave the way to 0.6457 key support level.

In the bigger picture, outlook is mixed up by the deeper than expected pull back from 0.6898. Still, price actions from 0.7156 are seen as a correction to rebound from 0.6169. Break of 0.6457 will resume the fall towards 0.6169 low. On the upside, though, break of 0.6898 resistance will argue that rise from 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6568; (P) 0.6629; (R1) 0.6661; More…

Intraday bias in AUD/USD stays on the downside at this point. Sustained break of 61.8% retracement of 0.6457 to 0.6898 at 0.6625 will path the way back to 0.6457 key support level. On the upside, above 0.6719 resistance will turn intraday bias neutral again first.

In the bigger picture, outlook is mixed up by the deeper than expected pull back from 0.6898. Still, price actions from 0.7156 are seen as a correction to rebound from 0.6169. Break of 0.6457 will resume the fall towards 0.6169 low. On the upside, though, break of 0.6898 resistance will argue that rise from 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6663; (P) 0.6692; (R1) 0.6716; More…

AUD/USD’s fall from 0.6898 resumed after brief recovery and intraday bias is back on the downside. Sustained break of 61.8% retracement of 0.6457 to 0.6898 at 0.6625 will path the way back to 0.6457 key support level. On the upside, above 0.6719 resistance will turn intraday bias neutral again first.

In the bigger picture, outlook is mixed up by the deeper the expected pull back from 0.6898. Still, price actions from 0.7156 are seen as a correction to rebound from 0.6169. Break of 0.6457 will resume the fall towards 0.6169 low. On the upside, though, break of 0.6898 resistance will argue that rise from 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6664; (P) 0.6679; (R1) 0.6690; More…

Intraday bias in AUD/USD is turned neutral with current recovery. On the upside, firm break of 0.6740 resistance will argue that pull back from 0.6898 has completed, and turn bias to the upside for stronger rebound. Nevertheless, break of 0.6662 will resume the fall to 61.8% retracement of 0.6457 to 0.6898 at 0.6625. Sustained break there would bring deeper decline back to 0.6457 support.

In the bigger picture, outlook is mixed up by the deeper the expected pull back from 0.6898. Still, price actions from 0.7156 are seen as a correction to rebound from 0.6169. Break of 0.6457 will resume the fall towards 0.6169 low. On the upside, though, break of 0.6898 resistance will argue that rise from 0.6169 is ready to resume through 0.7156.

Daily Pivots: (S1) 0.6637; (P) 0.6703; (R1) 0.6742; More…

Intraday bias in AUD/USD remains on the downside at this point. Fall from 0.6898 would target 61.8% retracement of 0.6457 to 0.6898 at 0.6625. Sustained break there would bring deeper decline back to 0.6457 support. On the upside, above 0.6740 will turn intraday bias neutral first.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 for now. Break of 55 D EMA (now at 0.6701) raises the chance that it’s in progress. Break of 0.6457 will resume the fall form 0.7156. On the upside, though, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

AUD/USD’s steep decline last week mixed up the near term outlook. But for now, further fall is in favor this week as long as 0.6740 minor resistance holds. Next target is 61.8% retracement of 0.6457 to 0.6898 at 0.6625. On the upside, above 0.6740 will turn intraday bias neutral first.

In the bigger picture, price actions from 0.7156 are seen as a correction to the rebound from 0.6169 for now. Break of 55 D EMA (now at 0.6701) raises the chance that it’s in progress. Break of 0.6457 will resume the fall form 0.7156. On the upside, though, break of 0.6898 resistance will argue that rise form 0.6169 is ready to resume through 0.7156.

In the long term picture, focus is back on 55 M EMA (now at 0.7119), which is relatively close to 0.7156 resistance. Rejection by this level will maintain medium term bearishness for resuming the down trend from 0.8006 (2021 high) at a later stage. However, sustained break there will argue that the trend has reversed, and rise from 0.5506 (2020 low) might be on track to resume.

Daily Pivots: (S1) 0.6732; (P) 0.6769; (R1) 0.6793; More…

AUD/USD’s fall from 0.6898 accelerates through 38.2% retracement of 0.6457 to 0.6898 at 0.6730. Intraday bias is now on the downside for deeper decline to 61.8% retracement at 0.6625. On the upside, break of 0.6805 resistance is needed to indicate completion of the fall. Otherwise, risk will stay on the downside in case of recovery.

In the bigger picture, fall from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 55 D EMA (now at 0.6694) holds, even in case of deep pull back.

Daily Pivots: (S1) 0.6757; (P) 0.6781; (R1) 0.6821; More…

AUD/USD is staying in consolidation form 0.6898 and intraday bias remains neutral. Downside of retreat should be contained by 38.2% retracement of 0.6457 to 0.6898 at 0.6730 to bring another rally. As noted before, whole corrective decline from 0.7156 could have completed with three waves down to 0.6457 already. Above 0.6898 will resume the rise from 0.6457 to retest 0.7156 high next.

In the bigger picture, fall from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 55 D EMA (now at 0.6694) holds, even in case of deep pull back.

Daily Pivots: (S1) 0.6742; (P) 0.6799; (R1) 0.6845; More…

Intraday bias in AUD/USD stays neutral as consolidation from 0.6898 is extending. Downside of retreat should be contained by 38.2% retracement of 0.6457 to 0.6898 at 0.6730 to bring another rally. As noted before, whole corrective decline from 0.7156 could have completed with three waves down to 0.6457 already. Above 0.6898 will resume the rise from 0.6457 to retest 0.7156 high next.

In the bigger picture, fall from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 55 D EMA (now at 0.6694) holds, even in case of deep pull back.

Daily Pivots: (S1) 0.6827; (P) 0.6857; (R1) 0.6880; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6898 continues. Downside of retreat should be contained by 38.2% retracement of 0.6457 to 0.6898 at 0.6730 to bring another rally. As noted before, whole corrective decline from 0.7156 could have completed with three waves down to 0.6457 already. Above 0.6898 will resume the rise from 0.6457 to retest 0.7156 high next.

In the bigger picture, fall from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 55 D EMA (now at 0.6694) holds, even in case of deep pull back.

Daily Pivots: (S1) 0.6854; (P) 0.6877; (R1) 0.6899; More…

Intraday bias in AUD/USD is turned neutral with current retreat, and with 4H MACD crossed below signal line. Some consolidations could be seen first. But downside of retreat should be contained by 38.2% retracement of 0.6457 to 0.6898 at 0.6730 to bring another rally. As noted before, whole corrective decline from 0.7156 could have completed with three waves down to 0.6457 already. Above 0.6898 will resume the rally from 0.6457 to retest 0.7156 high next.

In the bigger picture, fall from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 55 D EMA (now at 0.6694) holds, even in case of deep pull back.

AUD/USD’s rally and break of 0.6817 resistance indicates that corrective decline from 0.7156 has completed with three waves down to 0.6457 already. Initial bias remains on the upside this week for retesting 0.7156 high next. On the downside, below 0.6806 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, fall from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 55 D EMA (now at 0.6688) holds, even in case of deep pull back.

In the long term picture, focus is back on 55 M EMA (now at 0.7119), which is relatively close to 0.7156 resistance. Rejection by this level will maintain medium term bearishness for resuming the down trend from 0.8006 (2021 high) at a later stage. However, sustained break there will argue that the trend has reversed, and rise from 0.5506 (2020 low) might be on track to resume.

Daily Pivots: (S1) 0.6802; (P) 0.6848; (R1) 0.6928; More…

AUD/USD’s rally accelerates to as high as 0.6898 so far today. The strong break of 0.6817 resistance should confirm that corrective fall from 0.7156 has completed with three waves down to 0.6457. Intraday bias remains on the upside for retesting 0.7156 high next. On the downside, below 0.6806 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture,decline from 0.7156 could have completed in a three wave corrective structure at 0.6457. The development argues that rise from 0.6169 (2022 low) is still in progress. Firm break of 0.7156 will also add to the case that whole down trend from 0.8006 (2021 high) has finished and turn medium term outlook bullish. For now this will be the favored case as long as 0.6457 support holds, even in case of deep pull back.

Daily Pivots: (S1) 0.6755; (P) 0.6796; (R1) 0.6835; More…

No change in AUD/USD’s outlook as rise from 0.6457 is still in progress. Intraday bias stays on the upside for the moment. Decisive break of 0.6817 should confirm near term bullish reversal, and pave the way to retest 0.7156 resistance next. On the downside though, below 0.6736 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 0.6817 resistance holds, the decline from 0.7156, as well as the down trend from 0.8006 (2021) are still in favor to continue through 0.6169 (2022 low) at a later stage. However, firm break of 0.6817 will indicate that fall from 0.7156 has completed in a three-wave corrective structure. Such development will argue that rise from 0.6169 is ready to resume through 0.7156, and add credence to the case that whole down trend from 0.8006 has completed already.

Daily Pivots: (S1) 0.6734; (P) 0.6771; (R1) 0.6803; More…

Intraday bias in AUD/USD remains on the upside as rise from 0.6457 is still in progress. Next target is 0.6817 structural resistance. Decisive break there should confirm near term bullish reversal, and pave the way to retest 0.7156 resistance next On the downside though, below 0.6736 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 0.6817 resistance holds, the decline from 0.7156, as well as the down trend from 0.8006 (2021) are still in favor to continue through 0.6169 (2022 low) at a later stage. However, firm break of 0.6817 will indicate that fall from 0.7156 has completed in a three-wave corrective structure. Such development will argue that rise from 0.6169 is ready to resume through 0.7156, and add credence to the case that whole down trend from 0.8006 has completed already.