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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 | May 04 16 04:05 GMT
Break of 0.7547 confirms resumption of fall from 0.7833 short term top. Intraday bias is back on the downside for 38.2% retracement of 0.6826 to 0.7833 at 0.7448 first. Sustained break there will affirm the case that whole rise from 0.6826 has completed at 0.7833, ahead of medium term fibonacci level at 0.7849. In such case, AUD/USD will target 61.8% retracement at 0.7211. However, another rise and break of 0.7718 will invalidate our view and turn focus back to 0.7833.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | May 03 16 06:23 GMT
Despite recovery to 0.7718, AUD/USD quickly reversed after RBA cut rate. Intraday bias is neutral for the moment. We maintained that a short term top is formed at 0.7833, ahead of medium term fibonacci level at 0.7849, and further decline is expected. Below 0.7547 will target t 38.2% retracement of 0.6826 to 0.7833 at 0.7448 first. Sustained break there will indicate near term reversal and target 61.8% retracement at 0.7211. However, another rise and break of 0.7718 will invalidate our view and turn focus back to 0.7833.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | May 02 16 09:02 GMT
A short term top should be in place at 0.7833, ahead of medium term fibonacci level at 0.7849. Further decline is expected this week as log as 0.7690 resistance holds. AUD/USD should target 38.2% retracement of 0.6826 to 0.7833 at 0.7448 first. Sustained break there will indicate near term reversal and target 61.8% retracement at 0.7211. On the upside, above 0.7690 will turn focus back to 0.7833 instead.
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AUD/USD Weekly Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 30 16 13:35 GMT
AUD/USD's decline last week argues that a short term top was already formed at 0.7833, ahead of medium term fibonacci level at 0.7849. Further decline is expected this week as log as 0.7690 resistance holds. AUD/USD should target 38.2% retracement of 0.6826 to 0.7833 at 0.7448 first. Sustained break there will indicate near term reversal and target 61.8% retracement at 0.7211. On the upside, above 0.7690 will turn focus back to 0.7833 instead.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 29 16 04:00 GMT
At this point, we're still favoring the bearish case for AUD/USD. That is, a short term top is formed at 0.7833, ahead of medium term fibonacci level at 0.7849. Deeper fall is expected to 38.2% retracement of 0.6826 to 0.7833 at 0.7448. Sustained break there will target 61.8% retracement at 0.7211. On the upside, above 0.7690 minor resistance will turn bias neutral first.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 28 16 06:50 GMT
AUD/USD recovers strong today but we're still favoring the bearish case for the moment. That is, a short term top is formed at 0.7833, ahead of medium term fibonacci level at 0.7849. Deeper fall is expected to 38.2% retracement of 0.6826 to 0.7833 at 0.7448. Sustained break there will target 61.8% retracement at 0.7211. On the upside, above 0.7690 minor resistance will turn bias neutral first.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 27 16 07:04 GMT
AUD/USD's sharp fall today and break of 0.7630 support confirms short term topping at 0.7833, ahead of medium term fibonacci level at 0.7849. Intraday bias is back on the downside for 38.2% retracement of 0.6826 to 0.7833 at 0.7448. Sustained break there will target 61.8% retracement at 0.7211. On the upside, above 0.7690 minor resistance will turn bias neutral first.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 26 16 03:24 GMT
Intraday bias in AUD/USD remains neutral for the moment. We'll be cautious on trend reversal at the current point, which is close to medium term fibonacci level at 0.7849. Break of 0.7630 support will confirm short term topping and at least bring pull back to 38.2% retracement of 0.6826 to 0.7833 at 0.7448.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 25 16 08:29 GMT
Intraday bias in AUD/USD remains neutral for the moment. We'll be cautious on trend reversal at the current point, which is close to medium term fibonacci level at 0.7849. Break of 0.7630 support will confirm short term topping and at least bring pull back to 38.2% retracement of 0.6826 to 0.7833 at 0.7448.
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AUD/USD Weekly Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 23 16 14:37 GMT
AUD/USD rose further to 0.7833 last week but lost momentum ahead of medium term fibonacci level at 0.7849 and retreated. Initial bias is neutral this week first and we'll be cautious on trend reversal at the current point. Break of 0.7630 support will confirm short term topping and at least bring pull back to 38.2% retracement of 0.6826 to 0.7833 at 0.7448.
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