Daily Pivots: (S1) 1.6636; (P) 1.6735; (R1) 1.6929; More…

Intraday bias stays mildly on the upside at this point. rebound from 1.6538 short term bottom would target 1.7321 resistance. Firm break there should bring stronger rebound to 38.2% retracement of 1.9799 to 1.6538 at 1.7748 next. For now, risk will stay on the upside as long as 1.6538 holds.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

EUR/;AUD’s strong rebound last week suggests short term bottoming at 1.6538, on bullish convergence condition in 4 hour MACD. Strong support was seen from 1.6597 key support as well as 55 week EMA. Initial bias stays on the upside this week for 1.7321 resistance first. Break will confirm this case and target 38.2% retracement of 1.9799 to 1.6538 at 1.7748 next. For now, risk will stay on the upside as long as 1.6538 holds.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress, with 2.1127 (2008 high) as next target. However, sustained break of 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668, will argue that such rally is completed. Outlook will then be turned bearish for 61.8% retracement at 1.4733.

Daily Pivots: (S1) 1.6636; (P) 1.6735; (R1) 1.6929; More…

EUR/AUD rebounded strongly after drawing support from 1.6597 key long term support level. A short term bottom is likely formed with firm break of 4 hour 55 EMA, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the upside for 1.7321 resistance first. Break will confirm this case and target 38.2% retracement of 1.9799 to 1.6538 at 1.7748 next. For now, risk will stay on the upside as long as 1.6538 holds.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

Daily Pivots: (S1) 1.6557; (P) 1.6620; (R1) 1.6660; More…

EUR/AUD is losing some downside momentum as seen in 4 hour MACD. But there is no sign of bottoming yet. Focus stays on 1.6597 key support level. Firm break there will carry larger bearish implications and target 1.6085 support next. Though, rebound from current level would retain medium term bullishness. Break of 1.7321 resistance will indicate short term bottoming and turn bias back to the upside.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

Daily Pivots: (S1) 1.6594; (P) 1.6709; (R1) 1.6776; More…

EUR/AUD’s decline from 1.9799 is still in progress and intraday bias remains on the downside. Focus stays on 1.6597 key support level. Firm break there will carry larger bearish implications and target 1.6085 support next. Though, rebound from current level would retain medium term bullishness. Break of 1.7321 resistance will indicate short term bottoming and turn bias back to the upside.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

Daily Pivots: (S1) 1.6684; (P) 1.6820; (R1) 1.6892; More…

Intraday bias in EUR/AUD remains on the downside at this point. Current fall from 1.9799 should target 1.6597 key support. Firm break there will carry larger bearish implications. On the upside, though, break of 1.7350 minor resistance will suggest short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

Daily Pivots: (S1) 1.6870; (P) 1.6924; (R1) 1.6976; More…

EUR/AUD’s decline from 1.9799 continues today and intraday bias stays on the downside. Next target is 1.6597 key support. Firm break there will carry larger bearish implications. On the upside, though, break of 1.7350 minor resistance will suggest short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

EUR/AUD’s fall from 1.9799 resumed last week. Initial bias stays on the downside this week for 1.6597 key support next. On the upside, though, break of 1.7350 minor resistance will suggest short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, while the pull back from 1.9799 is deep, there is no clear sign of trend reversal yet. EUR/AUD is still holding on to 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668. Larger rise from 1.1602 (2012 low) is in progress and would resume at a later stage. However, sustained break of 1.6597 suggest bearish reversal.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress, with 2.1127 (2008 high) as next target. However, sustained break of 1.6597 (2015 high) cluster support, with 38.2% retracement of 1.1602 to 1.9799 at 1.6668 will argue that such rally is completed. Outlook will then be turned bearish for 61.8% retracement at 1.4733.

Daily Pivots: (S1) 1.6804; (P) 1.7001; (R1) 1.7116; More…

Intraday bias in EUR/AUD remains on the downside. Fall from 1.9790 is in progress to 1.6085/6593 support zone. On the upside, though, break of 1.7350 minor resistance will suggest short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7048; (P) 1.7171; (R1) 1.7240; More…

EUR/AUD’s fall from 1.9799 resumed by taking out 1.7003 temporary low. Intraday bias is back on the downside for 1.6597 key support next. Sustained break there will carry larger bearish implications. on the upside, break of 1.7321 minor resistance will indicate short term bottoming and turn bias back to the upside for rebound.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back. However, sustained break 1.6597 will raise the chance of long term trend reversal and turn focus back to 1.3624 support.

Daily Pivots: (S1) 1.7048; (P) 1.7171; (R1) 1.7240; More…

EUR/AUD is staying in tight range above 1.7003 and intraday bias remains neutral first. On the downside, break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.7350 minor resistance will suggest short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7057; (P) 1.7103; (R1) 1.7189; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the downside, break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.7350 minor resistance will suggest short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7057; (P) 1.7103; (R1) 1.7189; More…

EUR/AUD is staying in consolidation form 1.7003 temporary low. Intraday bias remains neutral first. As long as 1.8124 resistance holds, further decline could still be seen. Break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.8124 resistance will argue that such decline has completed and turn bias back to the upside.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7019; (P) 1.7091; (R1) 1.7163; More…

Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.8124 resistance holds, further decline could still be seen. Break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.8124 resistance will argue that such decline has completed and turn bias back to the upside.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

EUR/AUD dropped to 1.7003 last week but turned sideway since then. Initial bias remains neutral this week first. Near term outlook stays mildly bearish as long as 1.7732 support turned resistance holds. On the downside, below 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, firm break of 1.7732 will suggest completion of the fall from 1.9799, and turn bias back to the upside.

In the bigger picture, as long as 1.6597 resistance turned support (2015 high) holds, up trend from 1.1602 (2012 low) is still in progress. Next target will be 2.1127 (2008 high). However, firmed break of 1.6597 will be a important sign of trend reversal and turn focus back to 1.3624 support.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress next target would be the resistance zone between 2.1127 (2008 high) and 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706.

Daily Pivots: (S1) 1.7083; (P) 1.7217; (R1) 1.7285; More…

EUR/AUD is staying in consolidation above 1.7003 temporary low and intraday bias remains neutral first. As long as 1.8124 resistance holds, further decline could still be seen. Break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.8124 resistance will argue that such decline has completed and turn bias back to the upside.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7100; (P) 1.7207; (R1) 1.7371; More…

Intraday bias in EUR/AUD remains neutral for some consolidation above 1.7003 temporary low. As long as 1.8124 resistance holds, further decline could still be seen. Break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.8124 resistance will argue that such decline has completed and turn bias back to the upside.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6980; (P) 1.7070; (R1) 1.7137; More…

4 hour MACD crossed above signal line with today’s recovery. Intraday bias in EUR/AUD is turned neutral first. Another fall cannot be ruled out. Break of 1.7003 will extend the fall from 1.9799 to 1.6085/6593 support zone. On the upside, though, break of 1.8124 resistance will argue that such decline has completed and turn bias back to the upside.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6988; (P) 1.7135; (R1) 1.7234; More…

Intraday bias in EUR/AUD remains on the downside as decline from 1.9799 is extending. With 61.8% retracement of 1.6085 to 1.9799 at 1.7504 firmly taken out, deeper decline would be seen to 1.6085/6593 support zone. On the upside, break of 1.8124 resistance is needed to confirm completion of the decline. Otherwise, further fall will remain mildly in favor in case of recovery.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 1.7298; (P) 1.7528; (R1) 1.7648; More…

EUR/AUD’s decline from 1.9799 extended further and breached 61.8% retracement of 1.6085 to 1.9799 at 1.7504. There is no clear sign of bottoming yet. Sustained trading below 1.7504 will raise the chance of larger reversal and pave the way to 1.6085/6593 support zone. Nevertheless, break of 1.8124 resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for retesting 1.9799 high.

In the bigger picture, up trend from 1.1602 (2012 low) is in progress and further rally would be seen to 2.1127 (2008 high) and possibly to 161.8% projection of 1.1602 to 1.6597 from 1.3524 at 2.1706. On the downside, for now, touching of 1.6597 resistance turned support (2015 high) is needed to indicate medium term reversal. Otherwise, outlook will stay bullish even in case of deep pull back.