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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 | Apr 24 14 02:32 GMT
The decline from 0.9460 is still in progress and the break of 0.9294 suggests that a short term top is already formed. Deeper decline would be seen to 38.2% retracement of 0.8659 to 0.9460 at 0.9154 to correct the whole rise from 0.8659. We'd expect strong support from there to at least bring a rebound. On the upside, break of 0.9377 will indicate that the pull back is over and will turn bias back to the upside for 0.9467 resistance.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 23 14 02:50 GMT
AUD/USD tumbles sharply today and focus is now on 0.9294 support, which looks vulnerable. Break will confirm short term topping at 0.9460 and fall from there could be corrective the whole rally from 0.8659. In that case, deeper fall should be seen to 38.2% retracement of 0.8659 to 0.9460 at 0.9154 next. We'd expect strong support from there to at least bring a rebound. Meanwhile, break of 0.9377 minor resistance is needed to indicate completion of such decline from 0.9460. Otherwise, outlook will stay mildly bearish in near term.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 22 14 01:47 GMT
The consolidation pattern from 0.9460 is still in progress and intraday bias remains neutral. We'd expect downside to be contained by 0.9294 support and bring rally resumption. Above 0.9460 will extend the rise form 0.8659 to 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 17 14 08:55 GMT
The consolidation pattern from 0.9460 is still in progress and intraday bias remains neutral. We'd expect downside to be contained by 0.9294 support and bring rally resumption. Above 0..9460 will extend the rise form 0.8659 to 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 16 14 03:49 GMT
Intraday bias in AUD/USD stays neutral as consolidation from 0.9460 temporary top continues. We'd expect downside to be contained by 0.9294 support and bring rally resumption. Above 0..9460 will extend the rise form 0.8659 to 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 15 14 04:26 GMT
AUD/USD's consolidation from 0.9460 is still in progress and intraday bias remains neutral. Downside of consolidation should be contained by 0.9294 support and bring rise resumption. Above 0.9460 will extend the whole rally from 0.8659 to 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 14 14 08:13 GMT
Intraday bias in AUD/USD remains neutral for some consolidations below 0.9460 temporary top. We'd expect downside of the consolidation to be contained by 0.9294 support and bring rise resumption. Above 0.9460 will extend the whole rally from 0.8659 to 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Weekly Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 12 14 03:34 GMT
AUD/USD's rally continued last week and reached as high as 0.9460 before forming a temporary top there and retreated. Initial bias remain neutral this week for some consolidations first. We'd expect downside of the consolidation to be contained by 0.9294 support and bring rise resumption. Above 0.9460 will extend the whole rally from 0.8659 to 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 11 14 03:22 GMT
A temporary top is formed at 0.9460 in AUD/USD and intraday bias is turned neutral for some consolidations. We'd expect downside to be contained by 0.9294 resistance turned support and bring another rise. Above 0.9460 will target 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. However, break of 0.9294 will indicate short term topping and bring deeper pull back to 0.9205 support and below.
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AUD/USD Daily Outlook Print E-mail
AUDUSD Outlook | Written by ActionForex.com | Apr 10 14 03:27 GMT
AUD/USD's rally continues to as high as 0.9439 so far today and the break of channel resistance suggests upside acceleration. Intraday bias remains on the upside. Current rally from 0.8659 is still in progress for 161.8% projection of 0.8659 to 0.9080 from 0.8890 at 0.9571, which is close to a larger retracement level at 0.9583. On the downside, below 0.9347 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 0.9205 support and bring another rise.
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