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AUDUSD Outlook |
Written by ActionForex.com |
Feb 08 10 08:23 GMT |
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With 4 hours MACD crossed above signal line, an intraday low is likely in place at 0.8577 after drawing support from 23.6% retracement of 0.6008 to 0.9404 at 0.8603. Bias is turned neutral and some consolidations could be seen first. However, recovery should be limited by 38.2% retracement of 0.9327 to 0.8577 at 0.8864 and bring fall resumption. Break of 0.8577 and sustained trading below 0.8603 fibonacci level will set the stage further deeper fall towards 0.8262 medium term resistance turned support next. |
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AUDUSD Outlook |
Written by ActionForex.com |
Feb 06 10 09:32 GMT |
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AUD/USD dropped sharply to as low as 0.8577 last week and the break of 0.8734 support confirms that whole decline from 0.9404 has resumed. Also, initial target of 23.6% retracement of 0.6008 to 0.9404 at 0.8603 was already met. Initial bias remains on the downside this week and sustained trading below 0.8603 fibonacci level will set the stage further deeper fall towards 0.8262 medium term resistance turned support next. On the upside, though, above 0.8717 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited by 0.8915 resistance and bring fall resumption. |
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AUDUSD Outlook |
Written by ActionForex.com |
Feb 05 10 06:22 GMT |
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AUD/USD's break of 0.8734 support confirms that whole decline from 0.9404 high has resumed. AUD/USD fell to as low as 0.8607 so far, just inch above medium term fibonacci level at 23.6% retracement of 0.6008 to 0.9404 at 0.8603. At this point, intraday bias remains on the downside and sustained trading below 0.8603 will set the stage for 0.8262 medium term resistance turned support next. On the upside, above 0.8727 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 0.8915 resistance and bring fall resumption. |
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AUDUSD Outlook |
Written by ActionForex.com |
Feb 04 10 08:05 GMT |
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AUD/USD's break of 0.8779 indicates that recent fall from 0.9327 has resumed and should be targeting 0.8734 support next. As noted before, break there will confirm that whole decline from 0.9404 high has resumed and should target medium term fibonacci level at 23.6% retracement of 0.6008 to 0.9404 at 0.8603. On the upside, though, above 0.8915 will argue that a short term bottom is formed and will flip intraday bias back to the upside for stronger rebound. |
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AUDUSD Outlook |
Written by ActionForex.com |
Feb 03 10 06:48 GMT |
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Another fall is still expected in AUD/USD with 0.8926 resistance intact, towards 0.8734 support next. Break there will confirm that whole decline from 0.9404 high has resumed and should target medium term fibonacci level at 23.6% retracement of 0.6008 to 0.9404 at 0.8603. On the upside, though, above 0.8926 will argue that a short term bottom is formed and will flip intraday bias back to the upside for stronger rebound. |
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AUDUSD Outlook |
Written by ActionForex.com |
Feb 02 10 04:51 GMT |
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AUD/USD's sharp fall and break of 0.8787 today indicates that fall from 0.9372 is still in progress and has resumed. Further decline would remain in favor as long as 0.8926 minor resistance holds. towards 0.8734 support next. Break there will confirm that whole decline from 0.9404 high has resumed and should target medium term fibonacci level at 23.6% retracement of 0.6008 to 0.9404 at 0.8603. On the upside, though, above 0.8926 will argue that a short term bottom is formed and will flip intraday bias back to the upside for stronger rebound. |
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AUDUSD Outlook |
Written by ActionForex.com |
Feb 01 10 06:31 GMT |
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Intraday bias in AUD/USD remains on the downside with 0.8961 minor resistance intact and current decline from 0.9327 is still expected to continue towards 0.8734 support. Break there will indicate that whole decline from 0.9404 has resumed and should target medium term fibonacci level at 23.6% retracement of 0.6008 to 0.9404 at 0.8603. On the upside, though, above 0.8961 will argue that a short term bottom is formed and will flip intraday bias back to the upside for stronger rebound. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 31 10 07:33 GMT |
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AUD/USD's decline from 0.9327 continued last week and reached as low as 0.8832 so far. Initial bias remains on the downside this week as long as 0.8961 minor resistance holds and further fall should be seen to retest 0.8734 support. Break there will indicate that whole decline from 0.9404 has resumed and should target medium term fibonacci level at 23.6% retracement of 0.6008 to 0.9404 at 0.8603. On the upside, though, above 0.8961 will argue that a short term bottom is formed and will flip intraday bias back to the upside for stronger rebound. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 29 10 07:27 GMT |
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AUD/USD's fall resumes by taking out 0.8909 and reaches as low as 0.8888 so far. Current decline is still expected to continue as long as 0.9048 minor resistance holds and should target 0.8734 support next. On the upside, above 0.9048 will indicate that a short term bottom might be formed and will flip intraday bias back to the upside for stronger recovery. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 28 10 06:48 GMT |
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AUD/USD continues to lose downside momentum with mild bullish convergence condition in 4 hours MACD. But after all, another fall is still expected as long as 0.9094 resistance holds. sustained trading below 61.8% retracement of 0.8734 to 0.9327 at 0.8961 will shift favor to the case that fall from 0.9327 is resuming the whole decline from 0.9404 and AUD/USD should drop through 0.8734 support. On other hand, strong rebound from current level, followed by break of 0.9094 minor resistance, will indicate that fall from 0.9327 is likely just a correction and will flip intraday bias back to the upside for 0.9327 and then 0.9404. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 27 10 07:43 GMT |
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Further decline is still in favor in AUD/USD as long as 0.9040 minor resistance holds. As noted before, sustained trading below 61.8% retracement of 0.8734 to 0.9327 at 0.8961 will shift favor to the case that fall from 0.9327 is resuming the whole decline from 0.9404 and AUD/USD should drop through 0.8734 support. On other hand, strong rebound from 0.8961 fibo support, followed by break of 0.9094 minor resistance, will indicate that fall from 0.9327 is likely just a correction and will flip intraday bias back to the upside for 0.9327 and then 0.9404. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 26 10 06:50 GMT |
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AUD/USD's fall resumes after brief consolidation and is now pressing 61.8% retracement of 0.8734 to 0.9327 at 0.8961. At this point, intraday bias remains on the downside as long as 0.9094 minor resistance holds. Sustained trading below 0.8961 fibo support will shift favor to the case that fall from 0.9327 is resuming the whole decline from 0.9404 and AUD/USD should drop through 0.8734 support. On other hand, strong rebound from 0.8961, followed by break of 0.9094 minor resistance, will indicate that fall from 0.9327 is likely just a correction and will flip intraday bias back to the upside for 0.9327 and then 0.9404. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 25 10 07:39 GMT |
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With 4 hours MACD crossed above signal line, intraday bias is turned neutral for the moment and some sideway trading might be seen. Nevertheless, another fall is still in favor as long as 0.9145 minor resistance holds. As noted before, sustained break of 61.8% retracement of 0.8734 to 0.9327 at 0.8961 will shift favor to the case that fall from 0.9327 is resuming the whole decline from 0.9404 and AUD/USD should drop through 0.8734 support. On other hand, strong rebound from 0.8961, or a break of 0.9145 minor resistance, will indicate that fall from 0.9327 is likely just a correction and will flip intraday bias back to the upside for 0.9327 and then 0.9404. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 23 10 16:22 GMT |
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AUD/USD's fall from 0.9327 extended further to as low as 0.8981last week and remains weak. Outlook in AUD/USD is quite mixed for the moment considering that dollar has been impressively strong elsewhere. Question is whether fall from 0.9327 is just a correction to rise from 0.8734 or it's developing into a larger decline. Nevertheless, in any case, initial bias remains on the downside this week as long as 0.9145 minor resistance holds and further fall should be seen to 61.8% retracement of 0.8734 to 0.9327 at 0.8961. Sustained break there will shift favor to the case that fall fro 0.9327 is resuming the whole decline from 0.9404 and AUD/USD should drop through 0.8734 support. On other hand, strong rebound from 0.8961, or a break of 0.9145 minor resistance, will indicate that fall from 0.9327 is likely just a correction and will flip intraday bias back to the upside for 0.9327 and then 0.9404. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 22 10 07:47 GMT |
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AUD/USD's fall from 0.9327 might still continue as long as 0.9145 minor resistance holds but we're expecting strong support from 61.8% retracement of 0.8734 to 0.9327 at 0.8961 to conclude the correction and bring rebound. Above 0.9145 will flip intraday bias back to the upside for 0.9327 and break will target a retest on 0.9404 high. However, note that sustained trading below 0.8961 fibo support will indicate that whole rise from 0.8734 might have completed already and deeper fall could then be seen to retest this support level instead. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 21 10 06:52 GMT |
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AUD/USD dropped to as low as 0.9072 overnight but recovers after meeting 38.2% retracement of 0.8734 to 0.9327 at 0.9100. At this point, though, intraday bias remains on the downside as long as 0.9195 minor resistance holds and another fall could still be seen. Nevertheless, downside should be contained by 61.8% retracement at 0.8961. On the upside, above 0.9195 minor resistance will flip intraday bias back to the upside for retesting 0.9327 resistance first. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 20 10 07:41 GMT |
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AUD/USD's pull back from 0.9327 resumes and drops to as low as 0.9135 so far today. At this point, intraday bias is mildly on the downside for 38.2% retracement of 0.8734 to 0.9327 at 0.9100 or below. On the upside, in case of recovery, break of 0.9327 is needed to confirm that rise from 0.8734 has resumed for 0.9404 high. Otherwise, we'd expect more consolidations first. However, break of 0.9327 will indicate that whole rise from 0.8374 has resumed for a test on 0.9404 high. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 19 10 06:45 GMT |
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Intraday bias in AUD/USD is neutral for the moment as sideway trading from 0.9327 continues. Another fall could still be seen as the consolidation goes, probably to 38.2% retracement of 0.8734 to 0.9327 at 0.9100 or below. On the upside, in case of recovery, break of 0.9327 is needed to confirm that rise from 0.8734 has resumed for 0.9404 high. Otherwise, we'd expect more consolidations first. However, break of 0.9327 will indicate that whole rise from 0.8374 has resumed for a test on 0.9404 high. |
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AUDUSD Outlook |
Written by ActionForex.com |
Jan 18 10 06:38 GMT |
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AUD/USD's pull back fro 0.9327 continues today and intraday bias is mildly on the downside for 38.2% retracement of 0.8734 to 0.9327 at 0.9100 or below. On the upside, in case of recovery, break of 0.9327 is needed to confirm that rise from 0.8734 has resumed for 0.9404 high. Otherwise, we'd expect more consolidations first. |
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