AUD/USD Daily Report

Daily Pivots: (S1) 0.6335; (P) 0.6352; (R1) 0.6368; More...

Intraday bias in AUD/USD stays neutral for consolidations below 0.6373 temporary top. Rebound from 0.6087 is seen as a correction to the fall from 0.6941. In case of another rise, upside should be limited by 38.2% retracement of 0.6941 to 0.6087 at 0.6413. On the downside, break of 0.6234 support will suggest that the rebound has completed as a correction, and turn bias back to the downside for retesting 0.6087 low. Nevertheless, sustained break of 0.6413, will pave the way back to 61.8% retracement at 0.6615.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6504) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6345; (P) 0.6359; (R1) 0.6372; More...

Intraday bias in AUD/USD is turned neutral as rebound from 0.6087 lost moment, as seen in 4H MACD, after hitting 0.6373. On the downside, break of 0.6234 support will suggest that the rebound has completed as a correction, and turn bias back to the downside for retesting 0.6087 low. Nevertheless, sustained break of 38.2% retracement of 0.6941 to 0.6087 at 0.6413, will pave the way back to 61.8% retracement at 0.6615.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6504) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6319; (P) 0.6344; (R1) 0.6376; More...

Intraday bias in AUD/USD remains on the upside for 38.2% retracement of 0.6941 to 0.6087 at 0.6413, as a correction to fall from 0.6941. On the downside, however, break of 0.6234 support will suggest that the rebound has completed and bring retest of 0.6087 low.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

AUD/USD Weekly Report

AUD/USD’s break of 0.6329 resistance last week indicates that rebound from 0.6087 is at least correcting the whole fall from 0.6941. Initial bias is now on the upside for 38.2% retracement of 0.6941 to 0.6087 at 0.6413. On the downside, however, break of 0.6234 support will suggest that the rebound has completed and bring retest of 0.6087 low.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

In the long term picture, prior rejection by 55 M EMA (now at 0.6846) is taken as a bearish signal. But for now, fall from 0.8006 is still seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper fall, strong support should emerge above 0.5506 to contain downside to bring reversal. However, this view is subject to adjustment if current decline accelerates further.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6274; (P) 0.6299; (R1) 0.6342; More...

AUD/USD edged higher today but stays below 0.6329 resistance. Intraday bias remains neutral first. On the downside, break of 0.6234 support will suggest that rebound from 0.6087 has completed after rejection by 0.6329. Intraday bias will be back on the upside for retesting 0.6087 low. However firm break of 0.6329 will bring stronger rebound to 38.2% retracement of 0.6941 to 0.6087 at 0.6413, even just as a corrective move.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6240; (P) 0.6275; (R1) 0.6315; More...

Intraday bias in AUD/USD stays neutral. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break of 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement of 0.6941 to 0.6087 at 0.6413, even just as a corrective move.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6269; (P) 0.6286; (R1) 0.6311; More...

Intraday bias in AUD/USD remains neutral for the moment. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break of 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement of 0.6941 to 0.6087 at 0.6413, even just as a corrective move.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6245; (P) 0.6267; (R1) 0.6299; More...

AUD/USD is bounded in sideway trading in tight range and intraday bias remains neutral. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break of 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement of 0.6941 to 0.6087 at 0.6413, even just as a corrective move.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6251; (P) 0.6275; (R1) 0.6296; More...

AUD/USD dips mildly today but stays above 0.6239 minor support. Intraday bas stays neutral first. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break of 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement of 0.6941 to 0.6087 at 0.6413, even just as a corrective move.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6516) holds.

AUD/USD Weekly Report

AUD/USD spiked lower to 0.6087 last week but rebounded strongly since then. But with 0.6329 resistance intact, outlook will stay bearish. Initial bias remains neutral this week first. Below 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement of 0.6941 to 0.6087 at 0.6413, even just as a corrective move.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6525) holds.

In the long term picture, prior rejection by 55 M EMA (now at 0.6846) is taken as a bearish signal. But for now, fall from 0.8006 is still seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper fall, strong support should emerge above 0.5506 to contain downside to bring reversal. However, this view is subject to adjustment if current decline accelerates further.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6263; (P) 0.6276; (R1) 0.6296; More...

Intraday bias in AUD/USD remains neutral for the moment. Further decline is expected as long as 0.6329 resistance holds. Below 0.6239 minor support will bring retest of 0.6087 short term bottom first. Further break of 0.6087 will resume larger fall from 0.6941. However, firm break of 0.6329 will turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6511) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6251; (P) 0.6274; (R1) 0.6308; More...

Intraday bias in AUD/USD remains neutral and further decline is expected as long as 0.6329 resistance holds. Break of 0.6087 will resume larger fall from 0.6941. However, firm break of 0.6329 will turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6511) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6197; (P) 0.6230; (R1) 0.6288; More...

Intraday bias in AUD/USD stays neutral as consolidation continues above 0.6087. Further decline is expected as long as 0.6329 resistance holds. Break of 0.6087 will resume larger decline from 0.6941. However, firm break of 0.6329 will turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6511) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6130; (P) 0.6184; (R1) 0.6279; More...

Intraday bias in AUD/USD is turned neutral as it recovered notably after dipping to 0.6087. Some consolidations would be seen first. But outlook will stay bearish as long as 0.6329 resistance holds. Break of 0.6087 will resume larger decline from 0.6941. Next target is 61.8% projection of 0.6687 to 0.6130 from 0.6329 at 0.5985.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6511) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6189; (P) 0.6226; (R1) 0.6249; More...

AUD/USD’s fall from 0.6941 resumed by breaking through 0.6130 support today. Intraday bias is back on the downside fro 61.8% projection of 0.6687 to 0.6130 from 0.6329 at 0.5985 next. For now, outlook will stay bearish as long as 0.6329 resistance holds, in case of recovery.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6511) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6191; (P) 0.6218; (R1) 0.6236; More...

Intraday bias in AUD/USD remains mildly on the downside for retesting 0.6130 low. Firm break there will resume whole fall from 0.6941. On the upside, break of 0.6329 resistance will extend the corrective pattern from 0.6130 with another rally. But in this case, strong resistance is expected from 38.2% retracement of 0.6941 to 0.6130 at 0.6440 to limit upside to complete this pattern.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6545) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6208; (P) 0.6234; (R1) 0.6257; More...

No change in AUD/USD’s outlook for now, and intraday bias stays mildly on the downside. Corrective rebound from 0.6130 could have completed at 0.6329. Deeper fall would be seen to retest 0.6130 low. On the upside, above 0.6329 will resume the rebound. But still, strong resistance is expected from 38.2% retracement of 0.6941 to 0.6130 at 0.6440 to limit upside to complete this corrective rebound.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6545) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6228; (P) 0.6262; (R1) 0.6286; More...

Intraday bias in AUD/USD remains mildly on the downside. Corrective rebound from 0.6130 could have completed at 0.6329. Deeper fall would be seen to retest 0.6130 low. On the upside, above 0.6329 will resume the rebound. But still, strong resistance is expected from 38.2% retracement of 0.6941 to 0.6130 at 0.6440 to limit upside to complete this corrective rebound.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6545) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6276; (P) 0.6292; (R1) 0.6309; More...

AUD/USD’s breach of 0.6252 minor support argues that corrective rebound from 0.6130 has completed at 0.6329 already. Intraday bias is now mildly on the downside for retesting 0.6130 low. On the upside, above 0.6329 will resume the rebound. But still, strong resistance is expected from 38.2% retracement of 0.6941 to 0.6130 at 0.6440 to limit upside to complete this corrective rebound.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6545) holds.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6284; (P) 0.6308; (R1) 0.6336; More...

Intraday bias in AUD/USD is turned neutral first with today’s dip. Corrective rebound from 0.6130 could still extend through 0.6329 and 55 D EMA (now at 0.6347). But strong resistance is expected from 38.2% retracement of 0.6941 to 0.6130 at 0.6440 to limit upside to complete this corrective rebound. On the downside, break of 0.6252 minor support will turn bias back to the downside for retesting 0.6130 low.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.6545) holds.