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Action Insight: AUDUSD Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Sep 02 14 05:12 GMT
AUD/USD drops to as low as 0.9284 so far today. The break of 0.9300 minor support argues that recovery from 0.9236 has completed at 0.9373 already. And the corrective structure in turn argues that decline from 0.9504 is still in progress. Intraday bias is back on the downside for 0.9236 and below. At this point, such decline from 0.9504 is still viewed as a correction. Thus, we'd expect strong support from 38.2% retracement of 0.8659 to 0.9504 at 0.9181 to bring near term reversal. On the upside, above 0.9373 will turn bias back to the upside for 0.9475/9504 resistance zone.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Sep 01 14 07:59 GMT
With 0.9300 minor support intact, further rise is still in favor for 0.9475/9504 resistance zone. Break of 0.9504 will extend larger rally from 0.8659. Meanwhile, below 0.9300 will turn focus back to 38.2% retracement of 0.8659 to 0.9504 at 0.9181 instead.
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AUD/USD Weekly Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 30 14 07:56 GMT
AUD/USD's recovery last week suggests that the corrective fall from 0.9504 has completed at 0.9236 already, just ahead of 38.2% retracement of 0.8659 to 0.9504 at 0.9181. Further rise is in favor this week as long as 0.9300 minor support holds, for 0.9475/9504 resistance zone. Break of 0.9504 will extend larger rally from 0.8659. Meanwhile, below 0.9300 will turn focus back to 0.9181 fibonacci level instead.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 29 14 06:03 GMT
Intraday bias in AUD/USD remains mildly on the upside for the moment. A short term bottom is in place at 0.9236, ahead of 0.9211 support. Further rise could be seen back to retest 0.9475/9504 resistance zone. As AUD/USD is held above 38.2% retracement of 0.8659 to 0.9504 at 0.9181, rise from 0.8659 is not finished yet. Break of 0.9504 will extend such rally. Though, below 0.9236 will turn focus back to this 0.9181 fibonacci level instead.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 28 14 04:27 GMT
The rebound from 0.9236 extends higher today and break of 0.9346 resistance confirmed near term bottoming. Intraday bias is back on the upside and further rise would be seen back to 0.9475/9504 resistance zone. As AUD/USD is held above 38.2% retracement of 0.8659 to 0.9504 at 0.9181, rise from 0.8659 is not finished yet. Break of 0.9504 will extend such rally. Though, below 0.9236 will turn focus back to this 0.9181 fibonacci level instead.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 27 14 05:23 GMT
Intraday bias in AUD/USD remains neutral for the moment. With 0.9346 resistance intact, another fall is still mildly in favor. The rejection from 55 days EMA raised the chance of deeper fall. Below 0.9236 will target 38.2% retracement of 0.8659 to 0.9504 at 0.9181 and possibly lower. Though, break of 0.9236 will indicate near term reversal and turn bias back to the upside for 0.9475/9504 resistance zone.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 26 14 07:07 GMT
Intraday bias in AUD/USD remains neutral for the moment. With 0.9346 resistance intact, another fall is still mildly in favor. The rejection from 55 days EMA raised the chance of deeper fall. Below 0.9236 will target 38.2% retracement of 0.8659 to 0.9504 at 0.9181 and possibly lower. Though, break of 0.9236 will indicate near term reversal and turn bias back to the upside for 0.9475/9504 resistance zone.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 25 14 04:54 GMT
Intraday bias in AUD/USD remains neutral for the moment. With 0.9346 resistance intact, another fall is still mildly in favor. The rejection from 55 days EMA raised the chance of deeper fall. Below 0.9236 will target 38.2% retracement of 0.8659 to 0.9504 at 0.9181 and possibly lower. Though, break of 0.9236 will indicate near term reversal and turn bias back to the upside for 0.9475/9504 resistance zone.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 22 14 04:54 GMT
AUD/USD recovers quickly after dipping to 0.9236 and intraday bias is trend neutral again. With 0.9346 resistance intact, another fall is still mildly in favor. The rejection from 55 days EMA raised the chance of deeper fall. Below 0.9236 will target 38.2% retracement of 0.8659 to 0.9504 at 0.9181 and possibly lower. Though, break of 0.9236 will indicate near term reversal and turn bias back to the upside for 0.9475/9504 resistance zone.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Aug 21 14 06:20 GMT
AUD/USD drops to as low as 0.9236 so far today and the break of 0.9238 indicates that fall from 0.9504 is resuming. Intraday bias is back to the downside for 38.2% retracement of 0.8659 to 0.9504 at 0.9181. The rejection from 55 days EMA raised the chance of deeper fall and break of 0.9181 will target 0.9080 key support level. On the upside, break of 0.9346 minor resistance is needed to indicate short term bottoming. Otherwise, outlook will stay mildly bearish.
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