Daily Pivots: (S1) 0.7174; (P) 0.7249; (R1) 0.7299; More…

Intraday bias in AUD/USD remains neutral with focus on 0.7135 support. Decisive break there will suggest that it’s already correcting the whole rise from 0.5506. Deeper fall would be seen to 38.2% retracement of 0.5506 to 0.7413 at 0.6685. Nevertheless, as long as 0.7135 holds, another rise is still in favor through 0.7413 before topping.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7271; (P) 0.7302; (R1) 0.7322; More…

Intraday bias in AUD/USD remains neutral and more sideway consolidation could be seen. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

AUD/USD stayed in range below 0.7413 last week and outlook is unchanged. Initial bias remains neutral this week first. on the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

In the longer term picture, the rebound from 0.5506 is strong and steep. Bullish convergence condition is seen in monthly MACD. 55 month EMA is also violated. The case of long term reversal is building up. Focus is now on 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635. Decisive break there will confirm bullish reversal and target 61.8% retracement at 0.8950. Nevertheless, rejection by 0.7635 will retain bearishness.

Daily Pivots: (S1) 0.7271; (P) 0.7293; (R1) 0.7332; More…

Sideway consolidation in AUD/USD continues and intraday bias remains neutral first. As long as 0.7135 support holds, further rise remains in favor. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. However, on the downside, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7274; (P) 0.7310; (R1) 0.7340; More…

Intraday bias in AUD/USD remains neutral at this point. Further rise remains in favor with 0.7135 support intact. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7265; (P) 0.7304; (R1) 0.7341; More…

Intraday bias in AUD/USD remains neutral at this point. Further rise remains in favor with 0.7135 support intact. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7255; (P) 0.7280; (R1) 0.7308; More…

AUD/USD recovers further today but stays inside range below 0.7413. Intraday bias remains neutral for the moment. Further rise remains in favor with 0.7135 support intact. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7255; (P) 0.7280; (R1) 0.7308; More…

Range trading continues in AUD/USD and intraday bias remains neutral first. Further rise remains in favor with 0.7135 support intact. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

AUD/USD’s pull back from 0.7413 was contained well above 0.7135 support last week. Initial bias remains neutral this week first and further rise remains in favor. On the upside, break of 0.7413 will resume the rally from 0.5506 and target 0.7635 long term fibonacci level next. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

In the longer term picture, the rebound from 0.5506 is strong and steep. Bullish convergence condition is seen in monthly MACD. 55 month EMA is also violated. The case of long term reversal is building up. Focus is now on 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635. Decisive break there will confirm bullish reversal and target 61.8% retracement at 0.8950. Nevertheless, rejection by 0.7635 will retain bearishness.

Daily Pivots: (S1) 0.7229; (P) 0.7277; (R1) 0.7306; More…

Intraday bias in AUD/USD remains neutral for the moment. Consolidation from 0.7413 might extend further. but with 0.7135 support intact, rise from 0.5506 is still in favor to resume sooner, rather than later, through 0.7413. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7221; (P) 0.7254; (R1) 0.7317; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.7413 is extending. With 0.7135 support intact, rise from 0.5506 is still in favor to resume sooner, rather than later, through 0.7413. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for deeper correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7180; (P) 0.7245; (R1) 0.7278; More…

AUD/USD’s correction from 0.7413 is still in progress but downside is contained above 0.7135 support so far. Intraday bias remains neutral at this point. Rise from 0.5506 is still in favor to resume sooner, rather than later, through 0.7413. Nevertheless, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for 55 day EMA (0.7115) and below.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7265; (P) 0.7282; (R1) 0.7293; More…

AUD/USD recovers mildly today but stays inside consolidation from 0.7413. Intraday bias remains neutral first. As long as 0.7135 support holds, further rally is expected. On the upside, break of 0.7413 will target 0.7635 long term fibonacci level next. However, on the downside, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for 55 day EMA (0.7113) and below as correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7238; (P) 0.7269; (R1) 0.7315; More…

AUD/USD is staying in consolidation from 0.7413 and intraday bias remains neutral first. As long as 0.7135 support holds, further rally is expected. On the upside, break of 0.7413 will target 0.7635 long term fibonacci level next. However, on the downside, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for 55 day EMA (0.7107) and below as correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

AUD/USD edged higher to 0.7413 last week but retreated notably since then. Initial bias stays neutral this week first for some more consolidations. As long as 0.7135 support holds, further rally is expected. On the upside, break of 0.7413 will target 0.7635 long term fibonacci level next. However, on the downside, decisive break of 0.7135 will confirm short term topping, and turn bias to the downside for 55 day EMA (0.7094) as correction.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

In the longer term picture, the rebound from 0.5506 is strong and steep. Bullish convergence condition is seen in monthly MACD. 55 month EMA is also violated. The case of long term reversal is building up. Focus is now on 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635. Decisive break there will confirm bullish reversal and target 61.8% retracement at 0.8950. Nevertheless, rejection by 0.7635 will retain bearishness.

Daily Pivots: (S1) 0.7246; (P) 0.7292; (R1) 0.7319; More…

Intraday bias in AUD/USD remains neutral at this point. Consolidation from 0.7413 might extend further. But after all, near term will remain bullish as long as 0.7135 support holds. Break of 0.7413 will resume larger rise from 0.5506 to 0.7635 long term fibonacci level next. Nevertheless, sustained break of 0.715 will confirm short term topping and bring deeper pull back towards 0.6776 support.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7298; (P) 0.7340; (R1) 0.7379; More…

Intraday bias in AUD/USD remains neutral for consolidation below 0.7413 temporary top. Near term outlook will remain bullish as long as 0.7135 support holds. Break of 0.7413 will resume larger rise from 0.5506 to 0.7635 long term fibonacci level next.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7351; (P) 0.7382; (R1) 0.7406; More…

Intraday bias in AUD/USD is turned neutral as a temporary top was formed at 0.7413 with current retreat. Intraday bias is turned neutral for consolidations. Near term outlook will remain bullish as long as 0.7135 support holds. Break of 0.7413 will resume larger rise from 0.5506 to 0.7635 long term fibonacci level next.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7344; (P) 0.7374; (R1) 0.7407; More…

AUD/USD’s rally is still in progress and intraday bias remains on the upside. Current rise should target 0.7635 long term fibonacci level next. On the downside, below 0.7340 minor support will turn intraday bias neutral first. But break of 0.7135 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.

Daily Pivots: (S1) 0.7292; (P) 0.7329; (R1) 0.7403; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rally should now target 0.7635 long term fibonacci level next. On the downside, break of 0.7135 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, rebound from 0.5506 medium term bottom is seen as correcting whole long term down trend from 1.1079 (2011 high). Further rise should be seen to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635 next. On the downside, break of 0.6776 support is needed to be the first sign of completion of the rebound. Otherwise, outlook will stay bullish in case of pull back.