AUD/USD turned into consolidation last week but outlook is unchanged. Initial bias stays neutral this week first and further decline is expected with 0.6774 resistance intact. 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.

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) 0.6702; (P) 0.6724; (R1) 0.6740; More….

AUD/USD is staying in consolidation from 0.6662 and intraday bias remains neutral. Further decline is still expected with 0.6774 resistance intact. 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) 0.6716; (P) 0.6733; (R1) 0.6754; More….

Intraday bias in AUD/USD remains neutral first and further fall is expected as long as 0.6774 resistance holds. 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) 0.6685; (P) 0.6711; (R1) 0.6740; More….

AUD/USD’s recovery from 0.6662 extends higher today but stays below 0.6774 resistance so far. Intraday bias remains neutral 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) 0.6666; (P) 0.6686; (R1) 0.6706; More….

As long as 0.6774 resistance holds, further decline is expected in AUD/USD. Decisive break of 0.6670 low will confirm down trend resumption. Next near term target is 61.8% projection of 0.6933 to 0.6678 from 0.6774 at 0.6616 and then 100% projection at 0.6519. On the upside, break of 0.6774 resistance, however, 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) 0.6647; (P) 0.6692; (R1) 0.6721; More….

Further decline is expected in AUD/USD as long as 0.6774 resistance holds. Decisive break of 0.6670 low will confirm down trend resumption. Next near term target is 61.8% projection of 0.6933 to 0.6678 from 0.6774 at 0.6616 and then 100% projection at 0.6519. On the upside, break of 0.6774 resistance, however, 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.

AUD/USD dropped to as low as 0.6662 last week and initial bias stays on the downside this week. Decisive break of 0.6670 low will confirm down trend resumption. Next near term target is 61.8% projection of 0.6933 to 0.6678 from 0.6774 at 0.6616 and then 100% projection at 0.6519. On the upside, break of 0.6774 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.

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) 0.6717; (P) 0.6741; (R1) 0.6755; More…

Intraday bias in AUD/USD remains neutral first. Recovery from 0.6678 was limited limited by 0.6777 resistance as expected and near term outlook stays bearish. On the downside, decisive break of 0.6670 low will confirm resumption of larger down trend. Next target will be 0.6008 key support. Nevertheless, firm break of 0.6777 will indicate short term bottoming and extend the consolidation pattern from 0.6670 with another near term rise.

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). Next target is 0.6008 (2008 low). This will remain the favor case as long as 0.7031 resistance holds.

Daily Pivots: (S1) 0.6722; (P) 0.6748; (R1) 0.6772; More…

Outlook in AUD/USD is unchanged and intraday bias remains neutral first. Upside of recovery should be limited by 0.6777 resistance to bring fall resumption. On the downside, decisive break of 0.6670 low will confirm resumption of larger down trend. Next target will be 0.6008 key support. Nevertheless, firm break of 0.6777 will indicate short term bottoming and extend the consolidation pattern form 0.6670 with another near term rise.

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). Next target is 0.6008 (2008 low). This will remain the favor case as long as 0.7031 resistance holds.

Daily Pivots: (S1) 0.6698; (P) 0.6720; (R1) 0.6761; More…

Intraday bias in AUD/USD remains neutral for consolidation above 0.6678 temporary low. Upside of recovery should be limited by 0.6777 resistance to bring fall resumption. On the downside, decisive break of 0.6670 low will confirm resumption of larger down trend. Next target will be 0.6008 key support. Nevertheless, firm break of 0.6777 will indicate short term bottoming and extend the consolidation pattern form 0.6670 with another near term rise.

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). Next target is 0.6008 (2008 low). This will remain the favor case as long as 0.7031 resistance holds.

Daily Pivots: (S1) 0.6682; (P) 0.6694; (R1) 0.6705; More…

A temporary low is formed at 0.6678 in AUD/USD, just ahead of 0.6670 key support. Intraday bias is turned neutral for some consolidations. But upside of recovery should be limited by 0.6777 resistance to bring fall resumption. On the downside, decisive break of 0.6670 low will confirm resumption of larger down trend. Next target will be 0.6008 key support. Nevertheless, firm break of 0.6777 will indicate short term bottoming and extend the consolidation pattern form 0.6670 with another near term rise.

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). Next target is 0.6008 (2008 low). This will remain the favor case as long as 0.7031 resistance holds.

Daily Pivots: (S1) 0.6670; (P) 0.6700; (R1) 0.6717; More…

Intraday bias in AUD/USD remains on the downside for 0.6670 low. Decisive break there will confirm resumption of larger down trend. Next target will be 0.6008 key support. On the upside, break of 0.6777 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). Next target is 0.6008 (2008 low). This will remain the favor case as long as 0.7031 resistance holds.

AUD/USD’s decline from 0.7031 extended to as low as 0.6682 last week. The development affirmed our view that corrective rise from 0.6670 has completed and larger down trend is ready to resume. Initial bias remains on the downside this week. Decisive break of 0.6670 will target next key support at 0.6008.

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). Next target is 0.6008 (2008 low). This will remain the favor case as long as 0.7031 resistance holds.

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) 0.6696; (P) 0.6726; (R1) 0.6751; More…

Intraday bias in AUD/USD remains on the downside at this point. Further decline should be seen to retest 0.6670 low next. On the upside, above 0.6777 minor resistance will turn intraday bias neutral first. But recovery should be limited below 0.6849 support turned resistance to bring another fall.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).

Daily Pivots: (S1) 0.6732; (P) 0.6755; (R1) 0.6774; More…

AUD/USD’s decline resumes after brief consolidations and intraday bias is back on the downside. Fall form 0.7031 is expected to retest 0.6670 low next. On the upside, above 0.6777 minor resistance will turn intraday bias neutral first. But recovery should be limited below 0.6849 support turned resistance to bring another fall.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).

Daily Pivots: (S1) 0.6745; (P) 0.6755; (R1) 0.6773; More…

A temporary low is formed at 0.6737 in AUD/USD and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 0.6849 support turned resistance to bring another decline. Corrective rebound from 0.6670 has completed with three waves up to 0.7031. Break of 0.6737 will pave the way to retest 0.6670 low. However, firm break of 0.6849 will dampen our bearish view and turn focus back to 0.7031 instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).

Daily Pivots: (S1) 0.6735; (P) 0.6777; (R1) 0.6802; More…

AUD/USD’s fall from 0.7031 is still in progress and intraday bias remains on the downside. Sustained break of 0.6754 support will confirm our bearish view. That is, corrective rebound from 0.6670 has completed with three waves up to 0.7031. Retest of 0.6670 low should be seen next. On the upside, break of 0.6849 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).

Daily Pivots: (S1) 0.6810; (P) 0.6834; (R1) 0.6849; More…

Intraday bias in AUD/USD remains on the downside at this point and outlook is unchanged. Corrective rebound from 0.6670 could have completed with three waves up to 0.7031. Break of 0.6754 support will confirm this bearish case and target a retest of 0.6670 low. On the upside, above 0.6829 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.6933 resistance holds.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).

AUD?USD’s fall from 0.7031 extended to as low as 0.6817 last week. As noted before, corrective rebound from 0.6670 could have completed with three waves up to 0.7031. Initial bias stays on the downside this week for 0.6754 support. Break will confirm this bearish case and target a retest of 0.6670 low. On the upside, above 0.6878 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.6933 resistance holds.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).

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) 0.6826; (P) 0.6852; (R1) 0.6875; More…

Intraday bias in AUD/USD remains neutral for consolidations above 0.6826 temporary low. Upside of recovery should be limited below 0.6933 resistance to bring fall resumption. We maintain the view that corrective rise from 0.6670 has completed at 0.7031. Below 0.6826 will turn bias to the downside for 0.6754 support to confirm this bearish case. However, break of 0.6933 will turn focus back to 0.7031 instead.

\\In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7484).