|
AUDUSD Outlook |
Written by ActionForex.com |
Jul 03 09 07:56 GMT |
|
|
As discussed before, AUD/USD's rebound from 0.7788 has likely completed at 0.8154 already and intraday bias is now mildly on the downside for further fall to test 0.7788 first. Note that it's still possibly that price actions from 0.8236 are corrective in nature and focus will be on 0.7710 cluster support (100% projection of 0.8236 to 0.7788 from 0.8154 at 0.7706). Strong rebound from there, followed by break of 0.8154 resistance again, will indicate that the medium term term rebound is still in progress and will progress extend further to 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. However, note that sustained break of 0.7710 will strongly suggest that AUD/USD has indeed topped out at 0.8262 already and will target next key support at 0.7267. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jul 02 09 13:53 GMT |
|
|
AUD/USD's break of 0.7983 minor support suggests that rebound from 0.7788 has completed at 0.8154 already. Intraday bias is flipped back to the downside for a test of 0.7788 support first. It's still possibly that price actions from 0.8236 are corrective in nature and focus will be on 0.7710 cluster support (100% projection of 0.8236 to 0.7788 from 0.8154 at 0.7706). Strong rebound from there, followed by break of 0.8154 resistance again, will indicate that the medium term term rebound is still in progress and will progress extend further to 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. However, note that sustained break of 0.7710 will strongly suggest that AUD/USD has indeed topped out at 0.8262 already and will target next key support at 0.7267. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jul 02 09 08:56 GMT |
|
|
AUD/USD's fall from 0.8154 resumes today but is still holding above 0.7983 support. Intraday outlook remains neutral for the moment. On the downside, below 0.7983 minor support will indicate that rebound from 0.7788 has completed and flip intraday bias back to the downside and put focus back to this support. On the upside, note that above 0.8154 will bring retest of 0.8236/8262 resistance zone Break will confirm that recent rally has resumed for 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jul 01 09 09:31 GMT |
|
|
Intraday outlook in AUD/USD remains neutral for the moment as the pair is staying in tight range of 0.7983/8154. Note that on the downside, below 0.7983 minor support will indicate that rebound from 0.7788 has completed and flip intraday bias back to the downside and put focus back to this support. On the upside, note that above 0.8154 will bring retest of 0.8236/8262 resistance zone Break will confirm that recent rally has resumed for 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should start continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 30 09 14:39 GMT |
|
|
AUD/USD retreats sharply after climbing to 0.8154 earlier today and intraday outlook is turned neutral for the moment. On the downside, below 0.7983 minor support will indicate that rebound from 0.7788 has completed and flip intraday bias back to the downside and put focus back to this support. On the upside, note that above 0.8154, will bring retest of 0.8236/8262 resistance zone Break will confirm that recent rally has resumed for 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should start continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 30 09 09:39 GMT |
|
|
AUD/USD's rise from 0.7788 resumes today and reaches as high as 0.8145 so far. Also, break of 0.8117 resistance confirms that corrective fall from 0.8236 has completed. Intraday bias remains on the upside as long as 0.7983 minor support holds and retest of 0.8236/8262 resistance zone should be seen. Break will confirm that recent rally has resumed for 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should start continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. On the downside, below 0.7983 will flip intraday bias back to the downside and put 0.7788 support back into focus. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 29 09 07:25 GMT |
|
|
AUD/USD's retreat from 0.8086 extends further today and with 4 hours MACD dragged below signal line, an intraday top should be in place. Outlook is turned neutral for the moment. On the downside, below 0.7931 will suggest that rebound from 0.7780 has completed and will flip intraday bias back to the downside. Further break of 0.7788 support will revive the case that AUD/USD has already topped out and should target 0.7267 support for confirmation. On the upside, however, above 0.8086 will indicate that rise from 0.7780 is still in progress. Break of 0.8236/8262 resistance zone will confirm that recent rise has resumed for 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should start continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 27 09 14:41 GMT |
|
|
AUD/USD's strong rebound from intraweek low of 0.7788 dampened the immediate bearish case that it's topped. Instead, price actions from 0.8262 are probably just consolidation in the larger rally only. Initial bias is mildly on the upside this week as long as 0.7931 minor support holds. Break of 0.8236/8262 resistance zone will confirm that recent rise has resumed for 61.8% retracement of 0.9849 to 0.6008 at 0.8382. But after all, AUD/USD should start continue to lose momentum on next rise and finally bring reversal after meeting 0.8382. On the downside, though, below 0.7931 will turn intraday flip intraday bias back to the downside. Further break of 0.7788 support will revive the case that AUD/USD has already topped out and should target 0.7267 support for confirmation. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 26 09 08:51 GMT |
|
|
AUD/USD's break of 0.8054 suggests that rise from 0.7788 has resumed and at this point, intraday bias remains on the upside as long as 0.7931 minor support holds. Recent price actions from 0.8626 are possibly consolidation in the larger rally only. Break of 0.8117 resistance will bring retest of 0.8262 high and above. On the downside, below 0.7931 will turn intraday outlook neutral again and put focus back to 0.7788 low. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 25 09 09:04 GMT |
|
|
AUD/USD turns sideway after being limited at 0.8054 but after all, intraday bias is still mildly on the upside with 0.7916 minor support intact. Recent price actions from 0.8626 are possibly consolidation in the larger rally only. Break of 0.8117 resistance will bring retest of 0.8262 high and above. On the downside, below 0.7916 will turn intraday outlook neutral again and put focus back to 0.7788 low. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 24 09 09:03 GMT |
|
|
AUD/USD's failure to sustain below 0.7826 and strong rebound from 0.7788 suggests that recent price actions from 0.8626 are merely consolidation in the larger rally. Intraday bias is flipped back to the upside for 0.8117 resistance first. Break will argue that recent rally is resuming for 0.8262 resistance and above. on the downside, below 0.7916 will turn intraday outlook neutral again. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 23 09 09:14 GMT |
|
|
AUD/USD drops further to as low as 0.7788 today so far and the break of 0.7826 support revives that case that AUD/USD has indeed topped out earlier at 0.8262. Intraday bias remains on the downside for the moment and further decline should be seen towards 161.8% projection of 0.8236 to 0.7849 from 0.8117 at 0.7491. On the upside, above 0.7912 minor resistance will turn intraday outlook neutral and bring consolidation. But risk will now remain on the downside as long as 0.8117 resistance holds. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 22 09 14:05 GMT |
|
|
AUD/USD's fall from 0.8117 extends further to as low as 0.7901 so far and at this point, intraday bias remains on the downside as long as 0.7989 minor resistance holds. FIrm break of 0.7826/7849 support zone will revive the case that AUD/USD has indeed topped out earlier at 0.8262. In such case, deeper fall should be seen to 161.8% projection of 0.8236 to 0.7849 from 0.8117 at 0.7491. On the upside, above 0.7989 will turn intraday outlook neutral and bring consolidation. But risk will now remain on the downside as long as 0.8117 resistance holds. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 22 09 09:02 GMT |
|
|
AUD/USD's rebound from 0.7849 was limited at 0.8117 and break of 0.7972 minor support suggests that an intraday top is formed. Outlook is turned neutral for the moment. On the downside, break of 0.7826/7849 support zone will revive the case that AUD/USD has indeed topped out earlier at 0.8262. In such case, deeper fall should be seen to 0.7449 support next. On the upside above 0.8117 will flip intraday bias back to the upside for 0.8236/8262 resistance zone. Note recent price actions from 0.8262 could be developing into sideway consolidation only. Break of this resistance will bring resumption of of rise from 0.6284. Nevertheless, upside momentum should diminish as AUD/USD approaches 61.8% retracement of 0.9849 to 0.6008 at 0.8382 and bring reversal finally. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 20 09 10:05 GMT |
|
|
AUD/USD's fall was contained at 0.7849 last week, above 0.7826 support and recovered. Such development argues that price actions from 0.8262 are merely consolidation in the larger rise which in turn suggests that AUD/USD has not topped out yet. Initial bias is mildly on the upside this week as long as 0.7972 minor support holds and retest of 0.8236/8262 resistance zone could be seen. Break will bring rally resumption. But after all, upside should diminish as AUD/USD meets 61.8% retracement of 0.9849 to 0.6008 at 0.8382 and bring reversal finally. On the downside, below 0.7972 minor support will flip intraday bias back to the downside and further break of 0.7826 support will revive the case that AUD/USD has topped out already. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 19 09 13:48 GMT |
|
|
AUD/USD's break of 0.8067 minor resistance suggests that fall from 0.8236 has completed and the development so far suggests that price actions from 0.8262 are merely consolidation in the larger rally. Intraday bias is flipped back to the upside for retesting 0.8236/8262 resistance zone first. Further break of 0.9236 resistance resistance will indicate that recent rally is still in progress, but after all, focus will remain on reversal signal as AUD/USD approaches 0.8519 key resistance. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 19 09 08:51 GMT |
|
|
Intraday outlook remains neutral in AUD/USD as it's still bounded in tight range of 0.7826 and 0.8067. Nevertheless, we're still slightly favoring the case that a short term top is formed and hence, favoring another fall. Firm break of 0.7826 will confirm that rise from 0.6988 has completed at 0.8262 and in such case, deeper decline should be seen to 0.7449/7710 support zone next. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 18 09 08:44 GMT |
|
|
While AUD/USD is still staying in tight range above 0.7826, further downside is still mildly in favor with 0.8067 minor resistance intact. As mentioned before, we still slightly favoring the case that a short term top is formed. Firm break of 0.7826 will confirm the double top formation and will bring deeper decline to 0.7449/7710 support zone next. On the upside, though, above 0.8067 will dampen this bearish view and flip intraday bias back to the upside. Further break of 0.9236 resistance resistance will indicate that recent rally is still in progress, but after all, focus will remain on reversal signal as AUD/USD approaches 0.8519 key resistance. |
|
Read more...
|
|
|
AUDUSD Outlook |
Written by ActionForex.com |
Jun 17 09 11:06 GMT |
|
|
AUD/USD continues to be bounded in tight range after making an intraday low at 0.7859. At this point, intraday bias remains neutral and some more consolidation could be seen. But after al, we're still slightly favoring the case that a short term top is formed. Firm break of 0.7826 will confirm the double top formation and will bring deeper decline to 0.7449/7710 support zone next. On the upside, though, above 0.8236 resistance will indicate that recent rally is still in progress, but after all, focus will remain on reversal signal as AUD/USD approaches 0.8519 key resistance. |
|
Read more...
|
|
