EUR/AUD’s late decline last week indicates that recovery from 1.6134 has completed at 1.6513 already. Initial bias is now on the downside this week for 1.6134 first. Firm break there will resume whole fall from 1.6785, and target 100% projection of 1.6785 to 1.6134 from 1.6513 at 1.5862. On the upside, above 1.6296 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term is possibly in place at 1.6785 already, on bearish divergence condition in D MACD. Fall from there is seen as corrective whole up trend from 1.4281 (2022 low). Deeper decline is expected as long as 1.6513 resistance holds, to 38.2% retracement of 1.4281 to 1.6785 at 1.5828.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). But in either case, further rally is in favor as long as 1.5254 support holds. Next target is 61.8% retracement of 1.9799 to 1.4281 at 1.7691.

Daily Pivots: (S1) 1.6314; (P) 1.6392; (R1) 1.6451; More…

Break of 1.6535 minor support suggests that recovery from 1.6134 has completed at 1.6514 already. Intraday bias in EUR/AUD is back on the downside for 1.6134 first. Firm break there will resume whole fall from 1.6785 and target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. For now, risk will stay mildly on the downside as long as 1.6513 resistance holds, in case of recovery.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6393; (P) 1.6454; (R1) 1.6496; More…

Intraday bias in EUR/AUD remains neutral for the moment, and further rise is in favor. Break of 1.6514 will resume the rebound from 1.6134 to retest 1.6785 high. On the downside, however, firm break of 1.6356 minor support will turn bias back to the downside for 1.6134 support and below, to resume the fall from 1.6785.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6388; (P) 1.6433; (R1) 1.6515; More…

EUR/AUD recovered after hitting 1.6356 support. Intraday bias remains neutral and further rise is in favor. Break of 1.6514 will resume the rebound from 1.6134 to retest 1.6785 high. On the downside, however, firm break of 1.6356 minor support will turn bias back to the downside for 1.6134 support and below, to resume the fall from 1.6785.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6346; (P) 1.6399; (R1) 1.6428; More…

Intraday bias in EUR/AUD stays neutral at this point. Further rise is expected as long as 1.6356 minor support holds. Firm break of 1.6514 will resume the rebound from 1.6134 to retest 1.6785 high. On the downside, however, break of 1.6309 minor support will turn bias back to the downside for 1.6134 support and below, to resume the fall from 1.6785.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

EUR/AUD’s rebound from 1.6134 extended higher last week and the development argues that correction from 1.6785 has completed, after drawing support from 55 D EMA. Further rise is expected this week as long as 1.6356 minor support holds, to retest 1.6785 high. On the downside, however, break of 1.6309 minor support will dampen this view and turn bias back to the downside for 1.6134 support again.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). Attention will be paid on the structure on the current rally to make an assessment later.

Daily Pivots: (S1) 1.6430; (P) 1.6464; (R1) 1.6520; More…

Intraday bias in EUR/AUD stays on the upside for the moment. Pull back from 1.6785 should have completed at at 1.6134, after drawing support from 55 D EMA (now at 1.6222). Further rally should be seen to retest 1.6785 high next. On the downside, however, break of 1.6309 minor support will dampen this view and turn bias neutral first.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6315; (P) 1.6394; (R1) 1.6506; More…

Intraday bias in EUR/AUD stays on the upside at this point. Pull back from 1.6785 should have completed at at 1.6134, after drawing support from 55 D EMA (now at 1.6222). Further rally should be seen to retest 1.6785 high next. On the downside, however, break of 1.6309 minor support will dampen this view and turn bias neutral first.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6246; (P) 1.6278; (R1) 1.6326; More…

EUR/AUD’s break of 1.6354 resistance argues that fall from 1.6785 has completed at 1.6134, after drawing support from 55 D EMA (now at 1.6222). Intraday bias is back on the upside for retesting 1.6785 high. On the downside, however, break of 1.6134 will resume the decline to 38.2 retracement of 1.4281 to 1.6785 at 1.5828

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6224; (P) 1.6268; (R1) 1.6299; More…

Range trading continues in EUR/AUD and intraday bias remains neutral. Fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6206; (P) 1.6242; (R1) 1.6285; More…

Intraday bias in EUR/AUD remains neutral at this point. Fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

EUR/AUD stayed in consolidation above 1.6134 last week and outlook is unchanged. Initial bias stays neutral this week first. Fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). Attention will be paid on the structure on the current rally to make an assessment later.

Daily Pivots: (S1) 1.6232; (P) 1.6290; (R1) 1.6324; More…

Intraday bias in EUR/AUD stays neutral for the moment. Further decline is expected with 1.6354 minor resistance intact. Considering bearish divergence condition in D MACD, fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6226; (P) 1.6292; (R1) 1.6342; More…

No change in EUR/AUD’s outlook and intraday bias stays neutral first. Further decline is expected with 1.6354 minor resistance intact. Considering bearish divergence condition in D MACD, fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6247; (P) 1.6290; (R1) 1.6365; More…

Intraday bias in EUR/AUD remains neutral as it’s still bounded in consolidation from 1.6134. Further decline is expected with 1.634 minor resistance intact. Considering bearish divergence condition in D MACD, fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6182; (P) 1.6261; (R1) 1.6309; More…

Outlook in EUR/AUD is unchanged and intraday bias stays neutral. Further decline is expected with 1.634 minor resistance intact. Considering bearish divergence condition in D MACD, fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6289; (P) 1.6320; (R1) 1.6365; More…

Intraday bias in EUR/AUD remains neutral first and further decline is expected with 1.634 minor resistance intact. Considering bearish divergence condition in D MACD, fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

EUR/AUD’s fall from 1.6785 resumed and hit as low as 1.6134 last week. But the cross then recovered after drawing support from 55 D EMA (now at 1.6201). Initial bias remains neutral this week first. Considering bearish divergence condition in D MACD, fall from 1.6785 might be a correction to whole up trend from 1.4281. Break of 1.6134 will target 38.2 retracement of 1.4281 to 1.6785 at 1.5828, which is inside 1.5254/5976 support zone. Nevertheless, sustained break of 1.6354 minor resistance will turn bias back to the upside for retesting 1.6785 high instead.

In the bigger picture, whole down trend from 1.9799 (2020 high) should have completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

In the longer term picture, it’s still early to decide if rise from 1.4281 is resuming whole up trend from 1.1602 (2012 low). Attention will be paid on the structure on the current rally to make an assessment later.

Daily Pivots: (S1) 1.6204; (P) 1.6261; (R1) 1.6344; More…

Intraday bias in EUR/AUD remains neutral for the moment. With 1.6354 support turned resistance intact, decline from 1.6785 short term top would extend lower. Below 1.6134 will target 1.5254/5976 support zone. Nevertheless, break of 1.6354 will revive near term bullishness and turn bias back to the upside for rebound.

In the bigger picture, the solid break of 1.6434 resistance argues that whole down trend from 1.9799 (2020 high) has completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.6142; (P) 1.6196; (R1) 1.6255; More…

EUR/AUD dived to 1.6134 but quickly formed a temporary low there and recovered. Intraday bias is turned neutral first. Considering bearish divergence condition in D MACD, fall from 1.6785 might be correction to whole up trend form 1.4281. Deeper decline is in favor as long as 1.6354 support turned resistance holds. Below 1.6134 will target 1.5254/5976 support zone. Nevertheless, break of 1.6354 will revive near term bullishness and turn bias back to the upside for rebound.

In the bigger picture, the solid break of 1.6434 resistance argues that whole down trend from 1.9799 (2020 high) has completed at 1.4281 (2022 low). Further rise should be seen to 61.8% retracement of 1.9799 to 1.4281 at 1.7691 next. For now, outlook will stay bullish as long as 1.5976 resistance turned support holds, even in case of deep pull back.