Daily Pivots: (S1) 0.7042; (P) 0.7095; (R1) 0.7175; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise should target 61.8% projection of 0.6402 to 0.7064 from 0.6776 at 0.7185. Sustained break there will target long term EMA level at 0.7311 next. On the downside, break of 0.6963 support is needed to confirm short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6988; (P) 0.7002; (R1) 0.7032; More…

AUD/USD accelerates to as high as 0.7101 so far today. Break of 0.7064 resistance confirms resumption of whole rise form 0.5506. Intraday bias is now on the upside for near term target of 61.8% projection of 0.6402 to 0.7064 from 0.6776 at 0.7185. On the downside, break of 0.6963 support is needed to confirm short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6988; (P) 0.7002; (R1) 0.7032; More…

AUD/USD’s focus is now on 0.7064 resistance with today’s rally. Decisive break there will resume larger rise from 0.5506. On the downside, though, break of 0.6963 support will suggest rejection from 0.7064. Intraday bias will be turned back to the downside for 0.6676 support and below.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6974; (P) 0.6990; (R1) 0.7011; More…

Intraday bias in AUD/USD remains neutral first. Price actions from 0.7064 are seen as a consolidation pattern, with rise from 0.6776 as the second leg. Upside should be limited by 0.7064 resistance to bring one more down leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support and below. However, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

AUD/USD’s choppy rebound from 0.6776 extended higher last week. But overall outlook is unchanged. Price actions from 0.7064 are seen as a consolidation pattern, with rise from 0.6776 as the second leg. Upside should be limited by 0.7064 resistance to bring one more down leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support and below. However, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6741). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

In the longer term picture, there is no change in the view that down trend from 1.1079 (2011 high) is still in progress. Such down trend could extend through 0.5506 low after completing the corrective rise from there. However, sustained break of 55 month EMA (now at 0.7311) will raise the chance of long term reversal and turn focus back to 0.8135 key resistance.

Daily Pivots: (S1) 0.6952; (P) 0.6983; (R1) 0.7004; More…

Outlook in AUD/USD remains unchanged and intraday bias stays neutral first. Price actions from 0.7064 are seeing as a consolidation pattern. Upside should be limited by 0.7064 to bring another falling leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support and below. However, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6973; (P) 0.7005; (R1) 0.7040; More…

Intraday bias in AUD/USD remains neutral and outlook is unchanged. We’re seeing price actions from 0.7064 as a consolidation pattern. Strong resistance should be seen from there to limit upside. Break of 0.6922 support will turn bias to the downside to start another falling leg inside the pattern. AUD/USD could target 0.6776 support and below. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6938; (P) 0.6958; (R1) 0.6995; More…

AUD/USD edges higher today but overall outlook is unchanged. We’re seeing price actions from 0.7064 as a consolidation pattern. Strong resistance should be seen from there to limit upside. Break of 0.6922 support will turn bias to the downside to start another falling leg inside the pattern. AUD/USD could target 0.6776 support and below. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6921; (P) 0.6957; (R1) 0.6975; More…

Intraday bias in AUD/USD remains neutral at this point. With 0.6922 minor support intact, further rise cannot be ruled out. Further rise cannot be ruled out. But we’d still expect correction from 0.7064 to extend with another falling leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support. Break there will target 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6925; (P) 0.6947; (R1) 0.6970; More…

Intraday bias in AUD/USD remains neutral for the moment. Further rise cannot be ruled out. But we’d still expect correction from 0.7064 to extend with another falling leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support. Break there will target 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6750). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

AUD/USD gyrated higher last week but was held well below 0.7064 high so far. Outlook is unchanged and initial bias remains neutral this week first. We’d still expect correction from 0.7064 to extend with another falling leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support. Break there will target 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7311). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6741). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

In the longer term picture, there is no change in the view that down trend from 1.1079 (2011 high) is still in progress. Such down trend could extend through 0.5506 low after completing the corrective rise from there. However, sustained break of 55 month EMA (now at 0.7311) will raise the chance of long term reversal and turn focus back to 0.8135 key resistance.

Daily Pivots: (S1) 0.6942; (P) 0.6972; (R1) 0.6993; More…

AUD/USD is holding above 0.6922 minor support and intraday bias remains neutral first. Outlook is unchanged that price actions from 0.7064 are seen as a corrective pattern. One more falling is expected before the pattern completes. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support. Break there will target 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7310). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6734). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6945; (P) 0.6966; (R1) 0.7003; More…

Intraday bias in AUD/USD remains neutral for the moment. Price actions from 0.7064 are seen as a corrective pattern. One more falling is expected before the pattern completes. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support. Break there will target 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7310). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6734). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6911; (P) 0.6955; (R1) 0.6987; More…

Intraday bias in AUD/USD remains neutral and outlook is unchanged. We’d still expect corrective pattern from 0.7064 to extend with another falling leg before completion. On the downside, below 0.6901 minor support will turn bias to the downside for 0.6776 support. Break there will target 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7310). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6734). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6939; (P) 0.6963; (R1) 0.6998; More…

AUD/USD’s recovery lost momentum again ahead of 0.7064 high. Intraday bias remains neutral first. At this point, we’d still expect correction from 0.7064 to extend with another falling leg. On the downside, break of 0.6776 will turn bias to the downside for 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7310). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6734). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6921; (P) 0.6935; (R1) 0.6955; More…

AUD/USD recovers further today but stays below 0.7064 high. Intraday bias remains neutral and outlook is unchanged. We’d still expect correction from 0.7064 to extend with another falling leg. On the downside, break of 0.6776 will turn bias to the downside for 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7310). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6734). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

AUD/USD’s consolidative trading continued last week and outlook is unchanged. Initial bias remains neutral this week first. We’d still expect correction from 0.7064 to extend with another falling leg. On the downside, break of 0.6776 will turn bias to the downside for 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7310). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6734). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

In the longer term picture, there is no change in the view that down trend from 1.1079 (2011 high) is still in progress. Such down trend could extend through 0.5506 low after completing the corrective rise from there. However, sustained break of 55 month EMA (now at 0.7310) will raise the chance of long term reversal and turn focus back to 0.8135 key resistance.

Daily Pivots: (S1) 0.6901; (P) 0.6927; (R1) 0.6951; More…

No change in AUD/USD’s outlook as range trading continues, and intraday bias stays neutral. The correction from 0.7064 is expected to extend with at least one more down leg. On the downside, break of 0.6776 will turn bias to the downside for 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7323). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6721). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6880; (P) 0.6912; (R1) 0.6947; More…

AUD/USD is staying in sideway trading from 0.7064 and intraday bias remains neutral first. The correction from 0.7064 is expected to extend with at least one more down leg. On the downside, break of 0.6776 will turn bias to the downside for 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7323). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6721). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.

Daily Pivots: (S1) 0.6855; (P) 0.6884; (R1) 0.6934; More…

No change in AUD/USD’s outlook as sideway trading continues. Intraday bias stays neutral first. The correction from 0.7064 is expected to extend with at least one more down leg. On the downside, break of 0.6776 will turn bias to the downside for 38.2% retracement of 0.5506 to 0.7064 at 0.6469. Nevertheless, sustained break of 0.7064 will resume whole rise from 0.5506 instead.

In the bigger picture, rebound from 0.5506 medium term bottom could be correcting whole long term down trend from 1.1079 (2011 high). Further rally would be seen to 55 month EMA (now at 0.7323). This will remain the preferred case as long as it stays above 55 week EMA (now at 0.6721). Sustained trading below 55 week EMA will turn focus back to 0.5506 low instead.