Daily Pivots: (S1) 0.6955; (P) 0.6971; (R1) 0.7001; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise from 0.6670 should target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. Break there will put 0.7082 key resistance in focus. On the downside, below 0.6946 minor support will turn intraday bias neutral first. But further rally will remain in favor as long as 0.6838 support 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 0.7506).

Daily Pivots: (S1) 0.6925; (P) 0.6938; (R1) 0.6959; More…

AUD/USD rises to as high as 0.6955 so far today. Break of 0.6938 suggests resumption of whole rise from 0.6670. Intraday bias is now on the upside for 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. On the downside, break of 0.6911 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 0.6838 support 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 0.7502).

Daily Pivots: (S1) 0.6914; (P) 0.6920; (R1) 0.6926; More…

AUD/USD is staying below 0.6938 resistance and intraday bias remains neutral first. Further rally is still mildly in favor with 0.6838 support intact. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support 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 0.7502).

Daily Pivots: (S1) 0.6887; (P) 0.6897; (R1) 0.6911; More…

Intraday bias in AUD/USD stays neutral at this point. Further rally is still mildly in favor with 0.6838 support intact. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support 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 0.7502).

Daily Pivots: (S1) 0.6860; (P) 0.6874; (R1) 0.6899; More…

Intraday bias in AUD/USD remains neutral for the moment. For now, further rally will remain in favor as long as 0.6838 holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support 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 0.7502).

Daily Pivots: (S1) 0.6840; (P) 0.6852; (R1) 0.6866; More…

AUD/USD recovered after hitting 0.6838 but stays well below 0.6938 resistance. Intraday bias remains neutral first. For now, further rally will remain in favor as long as 0.6838 holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support 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 0.7502).

Daily Pivots: (S1) 0.6832; (P) 0.6859; (R1) 0.6879; More…

Intraday bias in AUD/USD remains neutral first. While deeper retreat could be seen, further rise remains mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support 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 0.7502).

Daily Pivots: (S1) 0.6869; (P) 0.6884; (R1) 0.6898; More…

AUD/USD’s correction from 0.6938 is still in progress and intraday bias stay neutral. While deeper retreat could be seen, further rise remains mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support 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 0.7502).

Daily Pivots: (S1) 0.6847; (P) 0.6893; (R1) 0.6922; More…

Intraday bias in AUD/USD remains neutral and more consolidation could be seen below 0.6938 temporary top. Further rise remains mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support 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 0.7502).

AUD/USD rose to as high as 0.6938 last week but retreated sharply since then. Initial bias is neutral this week for some consolidations first. For now, further rise is mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support 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 0.7502).

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) 0.6879; (P) 0.6896; (R1) 0.6924; More…

AUD/USD’s breach of 0.6929 resistance suggests resumption of whole rise form 0.6670. Intraday bias stays on the upside for 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. On the downside, below 0.6878 minor support will turn intraday bias neutral first. But risk will stays on the upside as long as 0.6800 support 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 0.7525).

Daily Pivots: (S1) 0.6825; (P) 0.6857; (R1) 0.6909; More…

AUD/USD’s rise from 0.6754 resumed by taking out 0.6862 and hits as high as 0.6889 so far. Such development suggests that pull back from 0.6929 has completed and rebound from 0.6670 is resuming. Intraday bias is back on the upside for 0.6929 first. Break will target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. On the downside, break of 0.6800 will dampen the bullish case and turn bias back to the downside.

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 0.7525).

Daily Pivots: (S1) 0.6796; (P) 0.6817; (R1) 0.6833; More…

At this point, we’re still slightly favoring more decline to 0.6754 support. Break will resume the fall from 0.6929 to retest 0.6670 low. However, on the upside, above 0.6862 will turn bias back to the upside for 0.6929 resistance 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 0.7525).

Daily Pivots: (S1) 0.6817; (P) 0.6829; (R1) 0.6838; More…

AUD/USD’s break of 0.6813 minor support suggests that rebound from 0.6754 has completed at 0.6862. Intraday bias is turned back to the downside for 0.6754 first. Break will resume the decline form 0.6929 to retest 0.6670 low. On the upside, above 0.6862 will turn bias back to the upside for 0.6929 resistance 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 0.7525).

Daily Pivots: (S1) 0.6817; (P) 0.6829; (R1) 0.6838; More…

AUD/USD is staying in range below 0.6862 temporary top and intraday bias neutral first. For now, further rise remains mildly in favor as long as 0.6813 minor support holds. On the upside, above 0.6862 will target 0.6929 resistance first. Break there will resume the rebound from 0.6670 and target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. On the downside, however, break of 0.6813 will dampen this bullish case and turn focus back to 0.6754 support 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 0.7525).

Daily Pivots: (S1) 0.6824; (P) 0.6841; (R1) 0.6857; More…

Intraday bias in AUD/USD remains neutral at this point. Further rise remains mildly in favor as long as 0.6813 minor support holds. On the upside, above 0.6862 will target 0.6929 resistance first. Break there will resume the rebound from 0.6670 and target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. On the downside, however, break of 0.6813 will dampen this bullish case and turn focus back to 0.6754 support 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 0.7525).

AUD/USD rebounded strongly last week and the development argues that pull back from 0.6929 has completed at 0.6754. Initial bias remains neutral this week first and further rise is mildly in favor as long as 0.6813 minor support holds. On the upside, above 0.6862 will target 0.6929 resistance first. Break there will resume the rebound from 0.6670 and target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. On the downside, however, break of 0.6813 will dampen this bullish case and turn focus back to 0.6754 support 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 0.7525).

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) 0.6817; (P) 0.6836; (R1) 0.6851; More…

AUD/USD is staying in consolidation from 0.6862 and intraday bias remains neutral first. Further rise is mildly in favor as long as 0.6754 support holds. On the upside, above 0.6862 will target 0.6929 resistance first. Break there will resume the rebound from 0.6670 and target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. On the downside, break of 0.6754 will resume the fall form 0.6929 to retest 0.6670 low.

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 0.7525).

Daily Pivots: (S1) 0.6821; (P) 0.6842; (R1) 0.6868; More…

Intraday bias in AUD/USD is turned neutral as it retreat after hitting 0.6862. For now, further rise remains mildly in favor as long as 0.6754 support holds. Above 0.6862 will target 0.6929 resistance first. Break there will resume the rebound from 0.6670 and target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. On the downside, break of 0.6754 will resume the fall form 0.6929 to retest 0.6670 low.

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 0.7525).

Daily Pivots: (S1) 0.6779; (P) 0.6802; (R1) 0.6843; More…

AUD/USD’s strong rebound and break of 0.6834 resistance suggests that pull back from 0.6929 has completed at 0.6754, on bullish convergence condition in 4 hour MACD. Intraday bias is now mildly on the upside for retesting 0.6929 resistance first. Break there will resume the rebound from 0.6670 and target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. On the downside, break of 0.6754 will resume the fall form 0.6929 to retest 0.6670 low.

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 0.7525).