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.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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AUDUSD Outlook |
Written by ActionForex.com |
May 18 13 10:00 GMT
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AUD/USD's decline accelerated to as low as 0.9711 last week and took out the lower trend line. Initial bias remains on the downside this week and current decline would extend to retest 0.9588 support. We'd be cautious on bottoming around that level. On the upside, above 0.9882 minor resistance will turn bias neutral and bring recovery. But risk will stay on the downside as long as 1.0115 support turned resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 17 13 03:57 GMT
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AUD/USD drips further to as low as 0.9753 so far. Intraday bias remains on the downside and current decline would now extend towards 0.9588 key support next. Though, we'd be cautious on bottoming above that level. On the upside, above 0.9882 minor resistance will turn bias neutral and bring recovery. But risk will stay on the downside as long as 1.0115 support turned resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 16 13 06:09 GMT
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AUD/USD's decline is still in progress and dips to as low as 0.9832 so far today. The break of the lower trend line support suggests that deeper fall would be seen towards 0.9588 support next. On the upside, above 0.9919 minor resistance will turn bias neutral and bring consolidations. But near term outlook will stay bearish as long as 1.0220 resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 15 13 04:26 GMT
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AUD/USD drops further to as low as 0.9876 so far today and intraday bias remains on the downside. AUD/USD is currently pressing the lower trend line support (now at 0.9880) and we'd be cautious on rebound from here. Though, as long as 1.0003 minor resistance holds, deeper decline is expected. Sustained break of the trend line will pave the way to retest 0.9588 support. On the upside, above 1.0003 will bring recovery but risk will stay on the downside as long as 1.0220 resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 14 13 12:37 GMT
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AUD/USD's fall from 1.0581 resumed after brief consolidation. The break of near term falling channel suggests downside acceleration. Intraday bias is back on the downside for lower trend line support (now at 0.9880). We'd be cautiously on rebound from there. But break will pave the way to retest 0.9588 support next. On the upside, above 1.0003 minor resistance will turn bias neutral and bring recovery. But risk will stay on the downside as long as 1.0220 resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 14 13 05:21 GMT
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With 4 hours MACD crossed above signal line, a temporary low is in place at 0.9940 and intraday bias is turned neutral for some consolidations. But upside of recovery should be limited below 1.0154 and bring another decline. Below 0.9940 will target lower trend line support (now at 0.9880). We'd be cautiously on rebound from there. But break will pave the way to retest 0.9588 support next.
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AUDUSD Outlook |
Written by ActionForex.com |
May 13 13 07:45 GMT
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Intraday bias in AUD/USD remains on the downside for the moment. Deeper decline would be seen to lower trend line support (now at 0.9880). We'd be cautiously on rebound from there. But break will pave the way to retest 0.9588 support next. On the upside, above 1.0095 minor resistance will turn bias neutral and bring consolidations. But risk will remain on the downside as long as 1.0220 resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 11 13 06:43 GMT
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AUD/USD's fall accelerated last week after taking out 1.0115 support and reached as low as 0.9960, breaching mentioned 61.8% retracement of 0.9588 to 1.0624 at 0.9984. There is no sign of bottoming yet and initial bias remains on the downside for deeper decline to lower trend line support (now at 0.9878). We'd be cautiously on rebound from there. But break will pave the way to retest 0.9588 support next. On the upside, above 1.0095 minor resistance will turn bias neutral and bring consolidations. But risk will remain on the downside as long as 1.0220 resistance holds.
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AUDUSD Outlook |
Written by ActionForex.com |
May 10 13 07:43 GMT
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AUD/USD drops sharply to as low as 1.0037 so far today. The strong break of 1.0115 indicates strong downside momentum. Intraday bias remains on the downside and current fall would now target 61.8% retracement of 0.9588 to 1.0624 at 0.9984 and below. On the upside, above 1.0154 minor resistance will turn bias neutral and bring recovery. But risk will stay on the downside.
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AUDUSD Outlook |
Written by ActionForex.com |
May 09 13 04:48 GMT
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AUD/USD recovers strongly after forming a temporary bottom at 1.0154. Intraday bias is turned neutral first. With 1.0322 minor resistance intact, deeper decline could be seen to 1.0115 support. But again, we'd be cautious on strong support from 1.0115 to break rebound as sideway pattern from 1.0624 might extend. Above 1.0322 will indicate that fall from 1.0581 resistance is completed and will turn bias to the upside for 1.0384 and above. But sustained break of 1.0115 will bring even deeper fall through parity.
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