Daily Pivots: (S1) 0.6600; (P) 0.6629; (R1) 0.6672; More…

AUD/USD’s recovery from 0.6433 should have completed at 0.6657, after failing 0.6662 cluster resistance (38.2% retracement from 0.7031 to 0.6433 at 0.6661). Intraday bias is back on the downside with focus on 0.6433 support. Sustained break there will confirm down trend resumption for next key support at 0.6008. In any case, outlook will remain bearish as long as 0.6661/2 resistance holds.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

AUD/USD recovered last week and hit as high as 0.6657. But such recovery is currently viewed as a corrective move. Hence, we’d expect strong resistance from 0.6662 cluster resistance (38.2% retracement from 0.7031 to 0.6433 at 0.6661) to limit upside. Break of 0.6509 minor support will turn bias to the downside for retesting 0.6433 low. Nevertheless, break of 0.6662 will bring stronger corrective rise to 61.8% retracement at 0.6803.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

In the longer term picture, prior rejection by 55 month EMA maintained long term bearishness in AUD/USD. That is, down trend from 1.1079 (2011 high) is still in progress. Next downside target is 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507.

Daily Pivots: (S1) 0.6589; (P) 0.6613; (R1) 0.6642; More…

Intraday bias in AUD/USD remains neutral and outlook is unchanged. We’d continue to expect strong resistance from 0.6662 cluster resistance (38.2% retracement from 0.7031 to 0.6433 at 0.6661) to limit upside. Break of 0.6509 minor support will turn bias to the downside for retesting 0.6433 low. Nevertheless, break of 0.6662 will bring stronger corrective rise to 61.8% retracement at 0.6803.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6593; (P) 0.6610; (R1) 0.6644; More…

Outlook in AUD/USD remains unchanged as corrective recovery from 0.6433 is in progress. We’d continue to expect strong resistance from 0.6662 cluster resistance (38.2% retracement from 0.7031 to 0.6433 at 0.6661) to limit upside. Break of 0.6509 minor support will turn bias to the downside for retesting 0.6433 low. Nevertheless, break of 0.6662 will bring stronger corrective rise to 61.8% retracement at 0.6803.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6514; (P) 0.6580; (R1) 0.6649; More….

AUD/USD is staying in corrective recovery from 0.6433 short term bottom and outlook is unchanged. We’d expect strong resistance by 0.6662 cluster resistance (38.2% retracement from 0.7031 to 0.6433 at 0.6661) to limit upside. Break of 0.6509 minor support will turn bias to the downside for retesting 0.6433 low. Nevertheless, break of 0.6662 will bring stronger corrective rise to 61.8% retracement at 0.6803.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6484; (P) 0.6526; (R1) 0.6584; More….

AUD/USD’s rebound from 0.6433 accelerates higher today and the development suggests that 0.6433 is a short term bottom. Still, we’d expect strong resistance by 0.6662 cluster resistance (38.2% retracement from 0.7031 to 0.6433 at 0.6661) to limit upside. Break of 0.6509 minor support will turn bias to the downside for retesting 0.6433 low. Nevertheless, break of 0.6662 will bring stronger corrective rise to 61.8% retracement at 0.6803.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6484; (P) 0.6526; (R1) 0.6584; More….

AUD/USD is staying in consolidation from 0.6433 temporary low and intraday bias remains neutral first. Upside of recovery should be limited below 0.6662 support turned resistance to bring fall resumption. On the downside, break of 0.6433 will turn bias to the downside for 161.8% projection of 0.6933 to 0.6662 from 0.6750 at 0.6312.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6432; (P) 0.6508; (R1) 0.6583; More….

A temporary bottom is formed at 0.6433 in AUD/USD with 4 hour MACD crossed above signal line. Intraday bias is turned neutral for consolidations first. Upside of recovery should be limited below 0.6662 support turned resistance to bring fall resumption. On the downside, break of 0.6433 will turn bias to the downside for 161.8% projection of 0.6933 to 0.6662 from 0.6750 at 0.6312.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

AUD/USD’s down trend continued last week with downside acceleration to as low as 0.6433. Initial bias remains on the downside this week for further fall. Next target is 161.8% projection of 0.6933 to 0.6662 from 0.6750 at 0.6479. On the downside, break of 0.6592 minor resistance will turn intraday bias neutral first. But recovery should be limited below 0.6750 resistance to bring fall resumption.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

In the longer term picture, prior rejection by 55 month EMA maintained long term bearishness in AUD/USD. That is, down trend from 1.1079 (2011 high) is still in progress. Next downside target is 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507.

Daily Pivots: (S1) 0.6545; (P) 0.6568; (R1) 0.6593; More….

AUD/USD’s decline continues today and reaches as low as 0.6516 so far. Intraday bias remains on the downside and current down trend should target 100% projection of 0.6933 to 0.6662 from 0.6750 at 0.6479. Break will pave the way to 161.8% projection at 0.6479. On the upside, above 0.6592 minor resistance will turn intraday bias neutral and bring consolidations again, before staging another decline.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6523; (P) 0.6565; (R1) 0.6587; More….

Intraday bias in AUD/USD remains on the downside for the moment. Current down trend should target 100% projection of 0.6933 to 0.6662 from 0.6750 at 0.6479 next. On the upside, above 0.6607 minor resistance will turn intraday bias neutral and bring consolidations again, before staging another decline.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6584; (P) 0.6604; (R1) 0.6620; More….

AUD/USD’s down trend resumes after brief consolidation, taking out 0.6581 temporary and hits as low as 0.6569 so far. Intraday bias is back on the downside. Next near term target is 100% projection of 0.6933 to 0.6662 from 0.6750 at 0.6479. On the upside, above 0.6638 minor resistance will turn intraday bias neutral and bring consolidations again, before staging another decline.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6587; (P) 0.6604; (R1) 0.6620; More….

Intraday bias in AUD/USD remains neutral for consolidation above 1.6581 temporary low. Stronger recovery cannot be ruled out. But upside should be limited well below 0.6750 resistance to bring fall resumption. On the downside, firm break of 0.6581 will resume recent decline.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6596; (P) 0.6617; (R1) 0.6649; More….

AUD/USD dipped to 0.6581 in early trading but quickly recovered. Intraday bias stays neutral first. Some more consolidation could be seen. But upside of recovery should be limited well below 0.6750 resistance to bring fall resumption. On the downside, firm break of 0.6581 will resume recent decline.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

AUD/USD dropped to as low as 0.6586 last week as larger down trend finally resumed. As a temporary low was formed, initial bias is turned neutral this week for some consolidations first. But upside of recovery should be limited well below 0.6750 resistance to bring fall resumption. Break of 0.6586 will extend recent decline.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

In the longer term picture, prior rejection by 55 month EMA maintained long term bearishness in AUD/USD. That is, down trend from 1.1079 (2011 high) is still in progress. Next downside target is 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507.

Daily Pivots: (S1) 0.6584; (P) 0.6639; (R1) 0.6669; More….

AUD/USD’s decline continues today and reaches as low as 0.6591 so far. Intraday bias remains on the downside for deeper decline. Break of 61.8% projection of 0.6933 to 0.6662 from 0.6750 at 0.6583 will pave the way to 100% projection at 0.6479. On the upside, above 0.6635 minor resistance will turn intraday bias neutral first. But recovery should be limited below 0.6750 resistance to bring fall resumption.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6659; (P) 0.6684; (R1) 0.6702; More….

AUD/USD drops to as low as 0.6630 so far today and the break of 0.6662/70 support zone should confirm long term down trend resumption. Intraday bias is back on the downside. Next near term target will be 61.8% projection of 0.6933 to 0.6662 from 0.6750 at 0.6583, and then 100% projection at 0.6479. On the upside, break of 0.6750 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6669; (P) 0.6693; (R1) 0.6711; More….

Intraday bias in AUD/USD remains neutral first as it’s staying in consolidation from 0.6662. Outlook remains bearish with 0.6774 resistance intact and further decline is expected. On the downside, decisive break of 0.6670 low would confirm larger down trend resumption. However, on the upside, break of 0.6774 resistance will indicate short term bottoming and bring stronger rebound.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6705; (P) 0.6720; (R1) 0.6727; More….

AUD/USD is staying in range above 0.6662 and intraday bias remains neutral first. More consolidation could be seen but outlook remains bearish with 0.6774 resistance intact and further decline is expected. On the downside, decisive break of 0.6670 low would confirm larger down trend resumption. However, on the upside, break of 0.6774 resistance will indicate short term bottoming and bring stronger rebound.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6705; (P) 0.6718; (R1) 0.6727; More….

Intraday bias in AUD/USD remains neutral as consolidation from 0.6662 is extend. Outlook remains bearish with 0.6774 resistance intact and further decline is expected. On the downside, decisive break of 0.6670 low would confirm larger down trend resumption. However, on the upside, break of 0.6774 resistance will indicate short term bottoming and bring stronger rebound.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.