Daily Pivots: (S1) 0.6870; (P) 0.6891; (R1) 0.6921; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6929 is extending. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will suggest completion of the rebound and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6867; (P) 0.6887; (R1) 0.6906; More…

AUD/USD is staying in consolidation from 0.6929 and intraday bias remains neutral first. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will suggest completion of the rebound and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6871; (P) 0.6899; (R1) 0.6922; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6929 is in progress. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will suggest completion of the rebound and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6867; (P) 0.6896; (R1) 0.6915; More…

AUD/USD recovers higher of 4 hour 55 EMA but stays below 0.6929 temporary top. Intraday bias remains neutral and more consolidations could be seen. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will revive bearishness and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6891; (P) 0.6906; (R1) 0.6928; More…

AUD/USD is staying in consolidation below 0.6929 temporary top and intraday bias remains neutral first. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Prior break of 0.6894 resistance was taken as the first sign of medium term reversal. This is affirmed by the strong support by 55 day EMA. Above 0.6929 will target 0.7082 key resistance for confirmation. On the downside, though, break of 0.6809 support will revive bearishness and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

AUD/USD’s rebound from 0.6670 extended to as high as 0.6929 last week but formed a temporary top there. Initial bias is neutral this week for some consolations first. But downside of retreat should be contained above 0.6809 support to bring another rise. Break of 0.6894 resistance was taken as the first sign of medium term reversal. This is affirmed by the strong support by 55 day EMA. Above 0.6929 will target 0.7082 key resistance for confirmation. On the downside, though, break of 0.6809 support will revive bearishness and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

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) 0.6875; (P) 0.6902; (R1) 0.6922; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise from 0.6670 should target retesting 0.7082 key resistance next. On the downside, break of 0.6809 support is needed to signal completion of the rise. Otherwise, outlook will stay cautiously bearish in case of retreat.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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.

Daily Pivots: (S1) 0.6866; (P) 0.6884; (R1) 0.6918; More…

AUD/USD rises to sa high as 0.6929 so far as rebound from 0.6670 extends. The break of 0.6894 resistance complete a double bottom pattern (0.6677, 0.6670), which is also an early sign of medium term bullish reversal. Intraday bias is now on the upside for retesting 0.7082 key resistance next. On the downside, break of 0.6809 support is needed to signal completion of the rise. Otherwise, outlook will stay cautiously bearish in case of retreat.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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.

Daily Pivots: (S1) 0.6844; (P) 0.6858; (R1) 0.6880; More…

Intraday bias in AUD/USD remains neutral at this point and outlook stays bearish as long as 0.6894 resistance holds. Larger down trend is expected to resume sooner or later. On the downside, break of 0.6810 should confirm completion of corrective rise from 0.6670. Intraday bias will be turned back to the downside for 0.6723 first. Break will bring retest of 0.6677 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6817; (P) 0.6832; (R1) 0.6852; More…

AUD/USD recovered notably after drawing support form 0.6810. But upside is held well below 0.6882. Intraday bias remains neutral and outlook is unchanged. In any case, outlook will stay bearish as long as 0.6894 resistance holds and larger down trend is expected to resume sooner or later. On the downside, break of 0.6810 should confirm completion of corrective rise from 0.6670. Intraday bias will be turned back to the downside for 0.6723 first. Break will bring retest of 0.6677 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6808; (P) 0.6822; (R1) 0.6835; More…

Intraday bias in AUD/USD remains neutral with focus on 0.6810 resistance turned support. Firm break there should confirm completion of corrective rise from 0.6670. Intraday bias will be turned back to the downside for 0.6723 first. Break will bring retest of 0.6677 low. In any case, outlook will stay bearish as long as 0.6894 resistance holds and larger down trend is expected to resume sooner or later. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

AUD/USD edged higher to 0.6882 last week but failed to break through 0.6894 resistance. Initial bias remains neutral this week first. For now, we’d still expect upside to be limited by 0.6894 resistance to bring larger down trend resumption. On the downside, below 0.6810 minor support will turn bias back to the downside for 0.6723 first. Break will bring retest of 0.6677 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish 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. Sustained break of 0.6826 will target 0.6008 low and then 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507.

Daily Pivots: (S1) 0.6800; (P) 0.6829; (R1) 0.6847; More…

Intraday bias in AUD/USD remains neutral with focus on 0.6810 resistance turned support. Firm break should indicate completion of corrective rebound from 0.6677. Intraday bias will be turned to the downside for 0.6723 support first. Break will target 0.6670 low. On the upside in case of another rise, upside should be limited by 0.6894 resistance to bring larger down trend resumption. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6838; (P) 0.6850; (R1) 0.6867; More…

Intraday bias in AUD/USD stays neutral first. While rebound from 0.6677 might extend, we’d continue to expect strong resistance from 0.6894 resistance to limit upside to bring down trend resumption. On the downside, below 0.6810 minor support will turn bias back to the downside for 0.6723. Break will bring retest of 0.6670 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6845; (P) 0.6864; (R1) 0.6877; More…

Intraday bias in AUD/USD remains neutral at this point and outlook is unchanged. While rebound from 0.6677 might extend, we’d continue to expect strong resistance from 0.6894 resistance to limit upside to bring down trend resumption. On the downside, below 0.6810 minor support will turn bias back to the downside for 0.6723. Break will bring retest of 0.6670 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6845; (P) 0.6863; (R1) 0.6885; More…

With 4 hour MACD crossed below signal line, intraday bias in AUD/USD is turned neutral first. At this point, we’d continue to expect strong resistance from 0.6894 resistance to limit upside to bring down trend resumption. On the downside, below 0.6810 minor support will turn bias back to the downside for 0.6723. Break will bring retest of 0.6670 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6832; (P) 0.6845; (R1) 0.6868; More…

Intraday in AUD/USD remains mildly on the upside as rebound from 0.6670 extends. At this point, we’d continue to expect strong resistance from 0.6894 resistance to limit upside to bring down trend resumption. On the downside, below 0.6810 minor support will turn intraday bias neutral first. Break of 0.6723 will target a test on 0.6670 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

AUD/USD’s rebound from 0.6670 resumed last week and extended to as high as 0.6856 last week. Initial bias remains on the upside this week for further rally. However, such rise is still seen as a corrective move. Thus, upside should be limited by 0.6894 resistance to bring larger down trend resumption. On the downside, break of 0.6723 minor support will turn bias back to the downside for retesting 0.6670 low. However, firm break of 0.6894 will dampen our bearish view and turn focus back to 0.7082 key resistance.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish 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. Sustained break of 0.6826 will target 0.6008 low and then 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507.

Daily Pivots: (S1) 0.6775; (P) 0.6804; (R1) 0.6855; More…

Intraday bias in AUD/USD remains mildly on the upside as rebound from 0.6677 is extending. But outlook is unchanged that such rebound is seen as a corrective move. Hence, upside should be limited by 0.6894 resistance to bring down trend resumption. On the downside, break of 0.6723 minor support will turn bias back to the downside for retesting 0.6670 low.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6734; (P) 0.6750; (R1) 0.6776; More…

AUD/USD’s rebound from 0.6670 resumed by taking out 0.6180 and hits as high as 0.6833 so far. Intraday bias is back on the upside for further rally. But still, such rebound is seen as a corrective move. Hence, upside should be limited by 0.6894 resistance to bring down trend resumption. On the downside, break of 0.6723 minor support will turn bias back to the downside for retesting 0.6670 low.

In the bigger picture, decline from 0.8135 (2018 high) is seen as resuming the long term down trend from 1.1079 (2011 high). Next target is 0.6008 (2008 low). On the upside, break of 0.7082 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.