Daily Pivots: (S1) 0.6563; (P) 0.6595; (R1) 0.6616; More...

AUD/USD’s fall from 0.6706 resumed by breaking through 0.6574 and intraday bias is back on the downside. Sustained break of 55 D EMA (now at 0.6545) will confirm rejection by 0.6713 fibonacci resistance, and bring deeper fall to 06413 cluster support. For now, risk will stay on the downside as long as 0.6627 resistance holds, in case of recovery.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. Outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6563; (P) 0.6595; (R1) 0.6616; More...

Intraday bias in AUD/USD remains neutral first and more consolidations could be seen. On the downside, below 0.6574 will resume the fall from 0.6706 short term top to 55 D EMA (now at 0.6545). Firm break there will target 0.6413 support. On the upside, however, decisive break of 0.6713 fibonacci level will resume rally from 0.5913, and carry larger bullish implications.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. Outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6581; (P) 0.6599; (R1) 0.6616; More...

Despite breaching 0.6622 minor resistance. momentum of AUD/USD’s recovery is so far weak. Intraday bias is turned neutral first. On the downside, below 0.6574 will resume the fall from 0.6706 short term top to 55 D EMA (now at 0.6544). Firm break there will target 0.6413 support. On the upside, however, decisive break of 0.6713 fibonacci level will resume rally from 0.5913, and carry larger bullish implications.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. Outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6577; (P) 0.6598; (R1) 0.6622; More...

Intraday bias in AUD/USD remains on the downside as fall from 0.6705 short term top is in progress for 55 D EMA (now at 0.6540). Firm break there will target 0.6413 support. On the upside, though above 0.6622 minor resistance will bring retest of 0.6706 high.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. Outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6580; (P) 0.6600; (R1) 0.6614; More...

Intraday bias in AUD/USD remains on the downside for the moment. Fall from 0.6706 short term top should target 55 D EMA (now at 0.6540). Firm break there will target 0.6413 support. On the upside, though above 0.6622 minor resistance will bring retest of 0.6706 high.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. Outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

AUD/USD edged higher to 0.6706 last week but reversed after rejection by 0.6713 fibonacci resistance. The firm break of 55 4H EMA suggests that a short term top could be formed already, and deeper pullback is underway. Initial bias is mildly on the downside this week for 55 D EMA (now at 0.6540). Firm break there will target 0.6413 support. On the upside, though above 0.6659 minor resistance will bring retest of 0.6706 high.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. Outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

In the long term picture, fall from 0.8006 is seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper decline, strong support should emerge above 0.5506 to contain downside to bring reversal. On the upside, firm break of 0.6941 will argue that the third leg has already started back to 0.8006.

Daily Pivots: (S1) 0.6593; (P) 0.6626; (R1) 0.6646; More...

Intraday bias in AUD/USD remains neutral for the moment. Some more consolidations would be seen, but further rally is expected as long as 55 D EMA (now at 0.6541) holds. Decisive break of 0.6713 fibonacci level will carry larger bullish implications. However, sustained break of 55 D EMA will confirm short term topping and rejection by 0.6713. Deeper fall should then be seen back to 0.6413 support.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6626; (P) 0.6667; (R1) 0.6692; More...

Intraday bias in AUD/USD is turned neutral first with break of 0.6630 minor support. Some consolidations would be seen, but further rally is expected as long as 55 D EMA (now at 0.6539) holds. Decisive break of 0.6713 fibonacci level will carry larger bullish implications. However, sustained break of 55 D EMA will confirm short term topping and rejection by 0.6713. Deeper fall should then be seen back to 0.6413 support.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6668; (P) 0.6678; (R1) 0.6696; More...

AUD/USD is losing some momentum as seen in 4H MACD, but there is no clear sign of topping yet. Intraday bias stays mildly on the upside. Current rally from 0.5913 should target 0.6713 fibonacci level. Firm break there will carry larger bullish implications. On the downside, below 0.6630 minor support will turn bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6648; (P) 0.6661; (R1) 0.6684; More...

Intraday bias in AUD/USD remains mildly on the upside. Current rally from 0.5913 should target 0.6713 fibonacci level. Firm break there will carry larger bullish implications. On the downside, below 0.6630 minor support will turn bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6630; (P) 0.6650; (R1) 0.6668; More...

Intraday bias in AUD/USD stays on the upside at this point. Current rally from 0.5913 should target 0.6713 fibonacci level. Firm break there will carry larger bullish implications. On the downside, below 0.6589 minor support will turn bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

AUD/USD’s rise from 0.5913 resumed through 0.6624 resistance last week. There is no sign of topping yet, and initial bias stays on the upside. Next target is 0.6713 fibonacci level. Firm break there will carry larger bullish implications. On the downside, below 0.6589 minor support will turn bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

In the long term picture, fall from 0.8006 is seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper decline, strong support should emerge above 0.5506 to contain downside to bring reversal. On the upside, firm break of 0.6941 will argue that the third leg has already started back to 0.8006.

Daily Pivots: (S1) 0.6612; (P) 0.6639; (R1) 0.6687; More...

AUD/USD’s rally continues today and intraday bias stays on the upside. Current rally from 0.5913 should target 0.6713 fibonacci level. Decisive break there will carry larger bullish implications. On the downside, below 0.6589 minor support will turn intraday bias neutral first and bring consolidations.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, sustained break of 0.6713 will be a strong sign of bullish trend reversal, and path the way to 0.6941 structural resistance for confirmation.

Daily Pivots: (S1) 0.6583; (P) 0.6610; (R1) 0.6639; More...

AUD/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. The break of 0.6624 resistance indicates that larger rally from 0.5913 is resuming. Further rise should be seen to 0.6713 fibonacci level. On the downside, through, below 0.6579 minor support will turn intraday bias neutral again.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

Daily Pivots: (S1) 0.6570; (P) 0.6595; (R1) 0.6610; More...

AUD/USD retreated ahead of 0.6624 resistance and intraday bias is turned neutral first. Some consolidations could be seen but further rally is expected as long as 0.6559 resistance turned support holds. On the upside, firm break of 0.6624 will resume larger rally from 0.5913 to 0.6713 fibonacci level. However, sustained break of 0.6559 will turn bias to the downside and extend the corrective pattern from 0.6624 with another falling leg.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

Daily Pivots: (S1) 0.6559; (P) 0.6579; (R1) 0.6612; More...

Intraday bias in AUD/USD remains on the upside for retesting 0.6624 high. Firm break there will resume larger rally from 0.5913 to 0.6713 fibonacci level. On the downside, below 0.6580 minor support will turn intraday bias neutral first. But risk will stay on the upside as long as 0.6500 support holds, in case of retreat.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

Daily Pivots: (S1) 0.6512; (P) 0.6551; (R1) 0.6594; More...

Intraday bias in AUD/USD stays on the upside and further rise should be seen to retest 0.6624 high. Firm break there will resume larger rally from 0.5913 to 0.6713 fibonacci level. For now, risk will stay on the upside as long as 0.6500 support holds, in case of retreat.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

After interim pullback, AUD/USD’s rebound from 0.6413 extended through 0.6567 resistance last week. The development suggests that correction from 0.6624 has already completed. Initial bias is back on the upside for retesting 0.6624 first. Firm break there will resume larger rally from 0.5913 to 0.6713 fibonacci level. For now, risk will stay on the upside as long as 0.6482 support holds, in case of retreat.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

In the long term picture, fall from 0.8006 is seen as the second leg of the corrective pattern from 0.5506 long term bottom (2020 low). Hence, in case of deeper decline, strong support should emerge above 0.5506 to contain downside to bring reversal. On the upside, firm break of 0.6941 will argue that the third leg has already started back to 0.8006.

Daily Pivots: (S1) 0.6496; (P) 0.6523; (R1) 0.6544; More...

Intraday bias in AUD/USD remains neutral for the moment. Overall, corrective pattern from 0.6624 could still extend further. Below 0.6482 will turn bias to the downside for 0.6413 support and possibly below. On the upside, though, firm break of 0.6567 should indicate that the corrective pattern has completed and larger rally is ready to resume through 0.6624.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

Daily Pivots: (S1) 0.6512; (P) 0.6533; (R1) 0.6564; More...

AUD/USD rebounded strongly after dipping to 0.6482, but upside is limited below 0.6559 resistance. Intraday bias is turned neutral first. Overall, corrective pattern from 0.6624 could still extend further. Below 0.6482 will turn bias to the downside for 0.6413 support and possibly below. On the upside, though, firm break of 0.6567 should indicate that the corrective pattern has completed and larger rally is ready to resume through 0.6624.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).