Daily Pivots: (S1) 0.7584; (P) 0.7630; (R1) 0.7660; More…

Intraday bias in AUD/USD is turned neutral as it retreated after hitting 0.7667. Another rise is mildly in favor as long as 0.7590 minor support holds. Above 0.7676 will resume the rebound from 0.7530 short term bottom to 0.7848 resistance. Break there should confirm completion of the correction from 0.8006, and bring retest of this high. However, break of 0.7590 minor support will turn bias to the downside for 0.7530 and below, to extend the correction from 0.8006.

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) 0.7624; (P) 0.7646; (R1) 0.7686; More…

Breach of 0.7662 minor resistance suggests short term bottoming at 0.7530, on bullish convergence condition in 4 hour MACD. Intraday bias in AUD/USD is back on the upside for 0.7848 resistance. Break there should confirm completion of the correction from 0.8006, and bring retest of this high. However, break of 0.7590 minor support will turn bias to the downside for 0.7530 and below, to extend the correction from 0.8006.

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) 0.7614; (P) 0.7637; (R1) 0.7675; More…

Intraday bias in AUD/USD remains neutral for the moment. On the upside, break of 0.7622 minor resistance will suggest short term bottoming at 0.7530, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to the upside for 0.7848 resistance. Break there should confirm completion of the correction form 0.8006. On the downside, break of 0.7530 will extend the correction to 100% projection of 0.8006 to 7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound.

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) 0.7593; (P) 0.7616; (R1) 0.7636; More…

Intraday bias in AUD/USD is turned neutral after recovering from 0.7530. Another fall could be seen as long as 0.7662 resistance holds. Break of 0.7530 will extend the correction from 0.8006 to 7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. On the upside, break of 0.7662 minor resistance will turn bias to the upside for 0.7848 resistance.

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) 0.7576; (P) 0.7607; (R1) 0.7625; More…

AUD/USD’s corrective fall from 0.8006 resumes by breaking 0.7562 and hits as low as 0.7530 so far. Intraday bias is back on the downside for 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. On the upside, break of 0.7662 minor resistance will turn bias to the upside for 0.7848 resistance.

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) 0.7567; (P) 0.7615; (R1) 0.7646; More…

Intraday bias in AUD/USD stays neutral at this point. Corrective fall from 0.8006 could extend lower. Break of 0.7562 will target 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. On the upside, break of 0.7848 resistance is needed to confirm completion of the correction. Otherwise, risk will stay on the downside in case of recovery.

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) 0.7612; (P) 0.7634; (R1) 0.7653; More…

Intraday bias in AUD/USD remains neutral for the moment and outlook is unchanged. Corrective fall from 0.8006 could extend lower. Break of 0.7562 will target 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. On the upside, break of 0.7848 resistance is needed to confirm completion of the correction. Otherwise, risk will stay on the downside in case of recovery.

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) 0.7597; (P) 0.7620; (R1) 0.7663; More…

Intraday bias in AUD/USD remains neutral at this point. Corrective fall from 0.8006 could extend lower. Break of 0.7562 will target 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. On the upside, break of 0.7848 resistance is needed to confirm completion of the correction. Otherwise, risk will stay on the downside in case of recovery.

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 correction from 0.8006 extended lower to 0.7562 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 0.7562 will extend the decline to 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. On the upside, break of 0.7848 resistance is needed to confirm completion of the correction. Otherwise, risk will stay on the downside in case of recovery.

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 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7559; (P) 0.7586; (R1) 0.7610; More…

Intraday bias in AUD/USD is turned neutral with current recovery, and with 4 hour MACD crossed above signal line. Correction from 0.8006 could still extend lower. Below 0.7562 will target 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. However, note that AUD/USD has also completed a head and should top (ls: 0.7819; h: 0.8006; rs: 0.7848). Firm break of 0.7462 will argue that it’s correcting whole up trend from 0.5506. For now, risk will stay on the downside as long as 0.7848 resistance holds, in case of recovery.

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) 0.7561; (P) 0.7599; (R1) 0.7617; More…

Intraday bias in AUD/USD remains on the downside at this point. Correction from 0.8006 is in progress for 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. However, note that AUD/USD has also completed a head and should top (ls: 0.7819; h: 0.8006; rs: 0.7848). Firm break of 0.7462 will argue that it’s correcting whole up trend from 0.5506. For now, risk will stay on the downside as long as 0.7848 resistance holds, in case of recovery.

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) 0.7579; (P) 0.7663; (R1) 0.7709; More…

AUD/USD’s correction from 0.8006 extends lower today. Intraday bias in back on the downside for 100% projection of 0.8006 to 0.7620 from 0.7848 at 0.7462. We’ll look for strong support from there to bring rebound. However, note that AUD/USD has also completed a head and should top (ls: 0.7819; h: 0.8006; rs: 0.7848). Firm break of 0.7462 will argue that it’s correcting whole up trend from 0.5506. For now, risk will stay on the downside as long as 0.7848 resistance holds, in case of recovery.

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) 0.7714; (P) 0.7735; (R1) 0.7766; More…

AUD/USD is staying in correction from 0.8006. On the upside, above 0.7848 will bring retest of 0.8006 high. However, break of 0.7629 support will resume the fall from 0.8006. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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) 0.7719; (P) 0.7745; (R1) 0.7773; More…

Intraday bias in AUD/USD remains neutral first and correction from 0.8006 could extend further. On the upside, above 0.7848 will bring retest of 0.8006 high. However, break of 0.7629 support will resume the fall from 0.8006. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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 recovered to 0.7848 last week but failed to sustain above 0.7837 resistance and reversed. Initial bias remains neutral this week first and correction from 0.8006 could extend further. On the upside, above 0.7848 will bring retest of 0.8006 high. However, break of 0.7629 support will resume the fall from 0.8006. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7725; (P) 0.7787; (R1) 0.7824; More…

AUD/USD failed to sustain above 0.7837 resistance and retreated sharply. Intraday bias remains neutral first. On the upside, break of 0.7848 will indicate that the correction from 0.8006 has completed. Intraday bias will be turned back to the upside for retesting this high. On the downside, below 0.7620 will target 0.7563 support. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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) 0.7729; (P) 0.7770; (R1) 0.7839; More…

Focus is now on 0.7837 minor resistance with today’s strong rise in AUD/USD. Firm break there will suggest that the correction from 0.8006 has completed. Intraday bias will be turned back to the upside for retesting this high. On the downside, below 0.7620 will target 0.7563 support. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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) 0.7718; (P) 0.7738; (R1) 0.7766; More…

Range trading continues in AUD/USD and intraday bias remains neutral for the moment. On the upside, break of 0.7837 will suggest that the correction from 0.8006 has completed. Intraday bias will be turned back to the upside for retesting this high. On the downside, below 0.7620 will target 0.7563 support. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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) 0.7717; (P) 0.7747; (R1) 0.7787; More…

Intraday bias in AUD/USD stays neutral and outlook is unchanged. On the upside, break of 0.7837 will suggest that the correction from 0.8006 has completed. Intraday bias will be turned back to the upside for retesting this high. On the downside, below 0.7620 will target 0.7563 support. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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) 0.7721; (P) 0.7761; (R1) 0.7797; More…

Intraday bias in AUD/USD remains neutral at this point. On the upside, break of 0.7837 will suggest that the correction from 0.8006 has completed. Intraday bias will be turned back to the upside for retesting this high. On the downside, below 0.7620 will target 0.7563 support. Firm break of 0.7563 will indicate that deeper correction is underway, back towards 0.7413 resistance turned 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.