Daily Pivots: (S1) 0.7764; (P) 0.7777; (R1) 0.7793; More…

Intraday bias in AUD/USD remains on the upside for 0.7819 resistance. Decisive break there will resume larger up trend from 0.5506, for 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7717 minor support will delay the bullish case and extend the correction from 0.7819 with another fall.

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) 0.7731; (P) 0.7748; (R1) 0.7778; More…

AUD/USD’s rise from 0.7563 continues today and intraday bias stays on the upside. Firm break of 0.7819 will resume larger up trend from 0.5506, for 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7717 minor support will delay the bullish case and extend the correction from 0.7819 with another fall.

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 strong rebound last week argues that correction from 0.7819 has completed at 0.7563. Further rise is expected this week as long as 0.7681 support holds. Firm break of 0.7819 will resume larger up trend from 0.5506, for 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7681 minor support will delay the bullish case and extend the correction from 0.7819 with another fall.

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 structure resistance. Decisive break there will rise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7721; (P) 0.7746; (R1) 0.7780; More…

No change in AUD/USD’s outlook and further rise is in favor with 0.7681 minor support intact. Firm break of 0.7819 resistance will resume larger up trend from 0.5506. Next near term target is 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7681 minor support will delay the bullish case and extend the correction from 0.7819 with another fall.

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) 0.7707; (P) 0.7731; (R1) 0.7746; More…

With 0.7650 minor support intact, further rise is expected in AUD/USD for 0.7819 resistance. Firm break there will resume larger up trend from 0.5506. Next near term target is 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7650 minor support will delay the bullish case and extend the correction from 0.7819.

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) 0.7726; (R1) 0.7752; More…

Intraday bias in AUD/USD remains on the upside for retesting 0.7819 resistance. Firm break there will resume larger up trend from 0.5506. Next near term target is 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7650 minor support will delay the bullish case and extend the correction from 0.7819.

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) 0.7666; (P) 0.7690; (R1) 0.7729; More…

AUD/USD’s break of 0.7703 resistance suggests that correction from 0.7819 has completed at 0.7563. Intraday bias is back on the upside for retesting 0.7819. Break will resume larger up trend from 0.5506. Next near term target is 61.8% projection of 0.6991 to 0.7819 from 0.7563 at 0.8075. On the downside, break of 0.7650 minor support will delay the bullish case and extend the correction form 0.7819.

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) 0.7614; (P) 0.7647; (R1) 0.7710; More…

Intraday bias in AUD/USD remains neutral a this point. On the upside, break of 0.7703 minor resistance will argue that the correction from 0.7819 has completed. Intraday bias will be turned back to the upside for retesting 0.7819 high. In case of another fall, downside should be contained by 38.2% retracement of 0.6991 to 0.7819 at 0.7503 to bring rebound.

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 correction from 0.7819 extended to 0.7563 last week, but recovered since then. Initial bias is neutral this week first. On the upside, break of 0.7703 minor resistance will argue that the correction has completed. Intraday bias will be turned back to the upside for retesting 0.7819 high. In case of another fall, downside should be contained by 38.2% retracement of 0.6991 to 0.7819 at 0.7503 to bring rebound.

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 structure resistance. Decisive break there will rise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7576; (P) 0.7612; (R1) 0.7636; More…

No change in AUD/USD’s outlook as correction from 0.7819 is still extending. Deeper fall could be seen to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. Strong support is expected there to bring rebound. On the upside, break of 0.7703 minor resistance will argue that the correction has completed. Intraday bias will be turned back to the upside for retesting 0.7819 high.

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 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) 0.7607; (P) 0.7617; (R1) 0.7631; More…

AUD/USD’s correction from 0.7819 is still in progress. Deeper fall could be seen to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. Strong support is expected there to bring rebound. On the upside, break of 0.7703 minor resistance will argue that the correction has completed. Intraday bias will be turned back to the upside for retesting 0.7819 high.

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 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) 0.7561; (P) 0.7612; (R1) 0.7659; More…

Intraday bias in AUD/USD stays on the downside as correction form 0.7819 is in progress. Deeper fall would be seen to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. Strong support should be seen around there to bring rebound. On the upside, break of 0.7703 minor resistance will argue that the correction has completed. Intraday bias will be turned back to the upside for retesting 0.7819 high.

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 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) 0.7598; (P) 0.7631; (R1) 0.7655; More…

No change in AUD/USD’s outlook. Correction from 0.7819 is still in progress. Deeper fall would be seen to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. Strong support should be seen around there to bring rebound. On the upside, break of 0.7762 minor resistance will argue that the correction has completed. Intraday bias will be turned back to the upside for retesting 0.7819 high.

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 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) 0.7614; (P) 0.7659; (R1) 0.7687; More…

With 0.7762 minor resistance intact, correction from 0.7819 short term top should extend lower. AUD/USD would target 38.2% retracement of 0.6991 to 0.7819 at 0.7503. On the upside, above 0.7762 will bring retest of 0.7819 high instead.

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 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 gyrated lower last week and the development suggests that deeper correction is underway. Further fall is expected as long as 0.7762 minor resistance holds, to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. On the upside, above 0.7762 will bring retest of 0.7819 high.

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 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 structure resistance. Decisive break there will rise the chance that rise from 0.5506 is an impulsive up trend. Next target should be 61.8% retracement at 0.8950 and above. Though, rejection by 0.8135 will keep the case of medium to long term sideway consolidation open.

Daily Pivots: (S1) 0.7614; (P) 0.7656; (R1) 0.7720; More…

AUD/USD’s correction from 0.7819 is still extending. Deeper fall could be seen to 38.2% retracement of 0.6991 to 0.7819 at 0.7503. Overall, the up trend from 0.5506 would remain intact as long as 0.7413 resistance turned support holds. Another rise is still in favor at a later stage to 61.8% projection of 0.5506 to 0.7413 from 0.6991 at 0.8170.

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 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) 0.7617; (P) 0.7690; (R1) 0.7737; More…

AUD/USD’s break of 0.7641 resistance turned support now suggests that deeper correction is underway. Intraday bias is back on the downside for 38.2% retracement of 0.6991 to 0.7819 at 0.7503. Overall, the up trend from 0.5506 would remain intact as long as 0.7413 resistance turned support holds. Another rise is still in favor at a later stage to 61.8% projection of 0.5506 to 0.7413 from 0.6991 at 0.8170.

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 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) 0.7693; (P) 0.7724; (R1) 0.7778; More…

Intraday bias in AUD/USD remains neutral and more consolidation would be seen below 0.7819. As long as 0.7641 support holds, further rise is expected. On the upside, break of 0.7819 will resume larger up trend to 61.8% projection of 0.5506 to 0.7413 from 0.6991 at 0.8170. However, decisive break of 0.7641 will turn bias to the downside, for deeper correction to 0.7461 support and possibly below.

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 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) 0.7682; (P) 0.7714; (R1) 0.7746; More…

AUD/USD is still staying in consolidation from 0.7819 and intraday bias remains neutral first. As long as 0.7641 support holds, further rise is expected. On the upside, break of 0.7819 will resume larger up trend to 61.8% projection of 0.5506 to 0.7413 from 0.6991 at 0.8170. However, decisive break of 0.7641 will turn bias to the downside, for deeper correction to 0.7461 support and possibly below.

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 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) 0.7688; (P) 0.7729; (R1) 0.7756; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.7819 might extend further. But further rally is still expected with 0.7641 support intact. On the upside, break of 0.7819 will resume larger up trend to 61.8% projection of 0.5506 to 0.7413 from 0.6991 at 0.8170. However, decisive break of 0.7641 will turn bias to the downside, for deeper correction to 0.7461 support and possibly below.

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 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.