Daily Pivots: (S1) 0.7783; (P) 0.7822; (R1) 0.7884; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise form 0.7503 should target a test on 0.8006 next. Break will resume larger up trend. For now, near term outlook will remain cautiously bullish as long as 0.7673 support holds, in case of retreat.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

AUD/USD’s rebound from 0.7530 resumed last week by breaking through 0.7815 resistance. The development affirmed out bullish view that correction from 0.8006 has completed with three waves down to 0.7530. Initial bias stays on the upside for retesting 0.8006 high next. For now, near term outlook will remain cautiously bullish as long a s0.7673 support holds, in case of retreat.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7728; (P) 0.7758; (R1) 0.7815; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.7815 continues. With 0.7676 support intact, further rise is expected. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7676 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7716; (P) 0.7736; (R1) 0.7767; More…

Range trading continues in AUD/USD and intraday bias remains neutral first. Further rise is still in favor with 0.7676 support intact. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7676 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7670; (P) 0.7717; (R1) 0.7760; More…

Intraday bias in AUD/USD remains neutral at this point, as it recovery after drawing support from 0.7676. Further rise is still in favor. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7724; (P) 0.7745; (R1) 0.7785; More…

AUD/USD is staying in consolidation from 0.7815 and intraday bias remains neutral first. With 0.7676 support intact, further rise is in favor. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7677; (P) 0.7730; (R1) 0.7765; More…

Intraday bias in AUD/USD remains neutral for the moment. Further rise is still in favor with 0.7676 minor support intact. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will extend the consolidation pattern from 0.8006, and turn bias to the downside for 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

AUD/USD failed to break through 0.7815 resistance firm again last week and overall outlook is unchnagd3e. Initial bias stays neutral this week for some more consolidations. But further rise will remain in favor as long as 0.7676 resistance turned support holds. On the upside, break of 0.7815 will resume the rebound from 0.7530. Further break of 0.7848 will bring retest of 0.8006 high. However, break of 0.7667 will dampen our bullish view and bring retest of 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7738; (P) 0.7778; (R1) 0.7805; More…

Intraday bias in AUD/USD remains neutral for the moment. We’re still favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7745; (P) 0.7773; (R1) 0.7821; More…

AUD/USD is still struggling to take out 0.7815 resistance firmly and intraday bias remains neutral first. We’re still favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7752; (P) 0.7779; (R1) 0.7795; More…

Outlook in AUD/USD is unchanged and intraday bias stays neutral first. We’re still favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7757; (P) 0.7786; (R1) 0.7832; More…

Intraday bias in AUD/USD remains neutral at this point, and outlook is unchanged. We’re still favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7711; (P) 0.7736; (R1) 0.7773; More…

Intraday bias in AUD/USD remains neutral for the moment. We’re still favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

AUD/USD edged higher to 0.7815 last week but retreated since then. Initial bias remains neutral first. We’re favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Further rise is in favor as long as 0.7676 support holds. On the upside, break of 0.7815 will resume the rise from 0.7530 to 0.7484 resistance, and then retesting 0.8006 high. However, break of 0.7676 will dampen our bullish view and bring retest of 0.7530 low support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

In the longer term picture, 0.5506 is a long term bottom, on bullish convergence condition in monthly MACD. Focus is now back on 0.8135 structural resistance. Decisive break there will raise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 of 1.1079 to 0.5506 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7678; (P) 0.7721; (R1) 0.7752; More…

Intraday bias in AUD/USD stays neutral and further rise is expected with 0.7676 support intact. On the upside, above 0.7815 will target 0.7848 resistance first. Break there should confirm that correction from 0.8006 has completed with three waves down to 0.7530. Retest of 0.8006 high should be seen next. However, break of 0.7676 will extend the corrective pattern from 0.8006 with another falling leg, back to 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7713; (P) 0.7738; (R1) 0.7775; More…

Intraday bias in AUD/USD remains neutral for the moment and further rise is expected with 0.7676 support intact. Above 0.7815 will target 0.7848 resistance first. Break there should confirm that correction from 0.8006 has completed with three waves down to 0.7530. Retest of 0.8006 high should be seen next. However, break of 0.7676 will extend the corrective pattern from 0.8006 with another falling leg, back to 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7684; (P) 0.7750; (R1) 0.7791; More…

AUD/USD retreated after hitting 0.7815 and intraday bias is turned neutral first. Further rise is in favor as long as 0.7676 support holds. Above 0.7815 will target 0.7848 resistance first. Break there should confirm that correction from 0.8006 has completed with three waves down to 0.7530. Retest of 0.8006 high should be seen next. However, break of 0.7676 will extend the corrective pattern from 0.8006 with another falling leg, back to 0.7530 support.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7714; (P) 0.7750; (R1) 0.7793; More…

Intraday bias in AUD/USD remains on the upside at this point. Rise form 0.7503 should target 0.7848 resistance first. Firm break there should confirm that correction from 0.8006 has completed with three waves down to 0.7530. Retest of 0.8006 high should be seen next. On the downside, below 0.7705 minor support will turn intraday bias neutral first.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7719; (P) 0.7739; (R1) 0.7754; More…

Break of 0.7760 suggests that AUD/USD’s rise from 0.7530 has resumed. Intraday bias is back on the upside for 0.7848 resistance. Firm break there should confirm that correction from 0.8006 has completed with three waves down to 0.7530. Retest of 0.8006 high should be seen next. On the downside, below 0.7705 minor support will turn intraday bias neutral first.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.

Daily Pivots: (S1) 0.7719; (P) 0.7739; (R1) 0.7754; More…

Intraday bias in AUD/USD stays neutral for the moment. We’re favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Above 0.7760 will extend the rebound to 0.7848 resistance first. Break there should confirm this bullish case and bring retest of 0.8006 high. This will remain the favored case as long as 0.7583 support holds.

In the bigger picture, whole down trend from 1.1079 (2001 high) should have completed at 0.5506 (2020 low) already. Rise from 0.5506 could either be the start of a long term up trend, or a corrective rise. Reactions to 0.8135 key resistance will reveal which case it is. But in any case, medium term rally is expected to continue as long as 0.7413 resistance turned support holds.