Daily Pivots: (S1) 1.6415; (P) 1.6498; (R1) 1.6662; More…

A temporary top is formed at 1.6626 is EUR/AUD and intraday bias is turned neutral. Some consolidations could be seen but downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6626 will resume rise from 1.5683 to 1.6765 key resistance next.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6264; (P) 1.6328; (R1) 1.6399; More…

EUR/AUD rises to as high as 1.6484 so far today. Break of 1.6448 resistance indicates resumption of whole rise form 1.5683. Intraday bias stays on the upside for 1.6765 key resistance next. On the downside, below 1.6320 minor support will turn intraday bias neutral first. Downside of retreat should be contained by 1.6247 resistance turned support to bring rise resumption.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

EUR/AUD’s rise from 1.5894 extended higher last week. Break of 1.6231 resistance dampened our original bearish view. It suggests that pull back from 1.6448 has completed at 1.5894 already. Initial bias stays on the upside for 1.6448 first. Break will resume the rally from 1.5683 for 1.6765 resistance next. On the downside, below 1.6256 minor support will turn intraday bias neutral first. But further rise will remain mildly in favor as long as 1.6108 support holds.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5346 remains intact.

Daily Pivots: (S1) 1.6165; (P) 1.6240; (R1) 1.6372; More…

EUR/AUD’s rebound from 1.5894 resumed by taking out 1.6247 and intraday bias is back on the upside. Current development also confirms completion of pull back from 1.6448 at 1.5894. Further rise should then be seen back to retest 1.6448. On the downside, break of 1.6108 minor support will turn bias back to the downside instead.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6134; (P) 1.6191; (R1) 1.6235; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.6247 should now confirm completion of fall from 1.6448 at 1.5894. Further rise should then be seen to 1.6448 and above. On the downside, though, below 1.6093 minor support will turn intraday bias back to the downside for 1.5894 and below.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6161; (P) 1.6197; (R1) 1.6266; More…

EUR/AUD breached 1.6231 resistance but retreated quickly. Intraday bias stays neutral first. On the upside, sustained break of 1.6231 will confirm completion of fall from 1.6448 at 1.5894. Further rise should then be seen to 1.6448 and above. On the downside, though, below 1.6093 minor support will turn intraday bias back to the downside for 1.5894 and below.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6110; (P) 1.6133; (R1) 1.6173; More…

EUR/AUD’s recovery from 1.5894 might extend higher. But it’s seen as a corrective move. Therefore, upside should be limited below 1.6231 resistance to bring fall resumption. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below. Nevertheless, firm break of 1.6231 will dampen this view and target 1.6448 resistance instead.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6046; (P) 1.6078; (R1) 1.6129; More…

No change in EUR/AUD’s outlook as recovery from 1.5894 is in progress. But such recovery is seen as a corrective and thus, upside should be limited below 1.6231 resistance to bring fall resumption. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below. Nevertheless, firm break of 1.6231 will dampen this view and target 1.6448 resistance instead.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

EUR/AUD drew support from 55 weekly EMA and recovered strongly last week. However, such recovery from 1.5894 is currently seen as a corrective move. Hence, while stronger rise cannot be ruled out, upside should be limited below 1.6231 resistance to bring fall resumption. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below. Nevertheless, firm break of 1.6231 will dampen this view and target 1.6448 resistance instead.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5346 remains intact.

Daily Pivots: (S1) 1.5938; (P) 1.6014; (R1) 1.6109; More…

EUR/AUD recovers further today but such recovery is seen as a corrective move. Stronger rise cannot be ruled out but upside should be limited below 1.6231 resistance to bring another fall. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5926; (P) 1.5951; (R1) 1.5988; More…

EUR/AUD is staying in consolidation from 1.5894 temporary low and intraday bias stays neutral. Stronger recovery cannot be ruled out. But upside should be limited below 1.6231 resistance to bring another fall. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5893; (P) 1.5920; (R1) 1.5946; More…

Intraday bias in EUR/AUD remains neutral for consolidation above 1.5894 temporary low. Stronger recovery could be seen but upside should be limited below 1.6231 resistance to bring another fall. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5899; (P) 1.5927; (R1) 1.5958; More…

A temporary low is in place at 1.5894 and intraday bias in EUR/AUD is turned neutral first. Upside of recovery should be limited below 1.6231 resistance to bring another fall. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5901; (P) 1.5929; (R1) 1.5962; More…

With 1.6034 minor resistance intact, further decline is expected in EUR/AUD. Current fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6034 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

EUR/AUD’s fall from 1.6448 continued last week and outlook is unchanged. Initial bias remains on the downside this week first. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6034 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5346 remains intact.

Daily Pivots: (S1) 1.5896; (P) 1.5966; (R1) 1.6008; More…

EUR/AUD’s fall resumed after brief consolidation and intraday bias is back on the downside. Current decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Deeper fall should be seen to 1.5683 support and below. On the upside, above 1.6034 minor resistance will turn intraday bias neutral again first.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5979; (P) 1.6007; (R1) 1.6041; More…

A temporary low is in place at 1.5945 and intraday bias in EUR/AUD is turned neutral first. Upside of recovery should be limited below 1.6231 resistance to bring another decline. Current fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5945 will target 1.5683 support and below.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5952; (P) 1.5981; (R1) 1.6018; More…

With 1.6073 minor resistance intact, intraday bias in EUR/AUD stays on the downside. Current fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6073 minor resistance will turn bias neutral and bring consolidations. But upside of recovery should be limited below 1.6231 support to bring another fall.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.5965; (P) 1.6019; (R1) 1.6049; More…

EUR/AUD’s break of 1.6025 support indicates resumption of fall from 1.6448. Intraday bias is now back on the downside for further decline. Fall from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. On the upside, above 1.6073 minor resistance will turn bias neutral and bring consolidations. But upside of recovery should be limited below 1.6231 support to bring another fall.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6018; (P) 1.6081; (R1) 1.6116; More…

Focus is now on 1.6025 support in EUR/AUD. Firm break will resume the decline from 1.6448. Such decline is seen as the third leg of the consolidation pattern from 1.6765 high. Next target will be 1.5683 support and below. In any case, near term outlook will remain mildly bearish as long as 1.6259 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5346 support holds, outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.