Daily Pivots: (S1) 0.6508; (P) 0.6522; (R1) 0.6536; More...

Intraday bias in AUD/USD remains mildly on the upside at this point. Corrective fall from 0.6624 could have completed at 0.6418 already. Further rise would be seen to retest this high. On the downside, however, firm break of 0.6449 will argue that the pattern from 0.6624 is extending with another falling leg. Break of 0.6418 will target 38.2% retracement of 0.5913 to 0.6624 at 0.6352.

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).

AUD/USD’s extended rebound last week suggests that corrective fall from 0.6624 has completed at 0.6418 already. Initial bias stays mildly on the upside this week for retesting 0.6624 high. On the downside, however, firm break of 0.6449 will argue that the pattern from 0.6624 is extending with another falling leg, and target 38.2% retracement of 0.5913 to 0.6624 at 0.6352.

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) 0.6495; (P) 0.6518; (R1) 0.6546; More...

AUD/USD’s break of 0.6528 resistance suggests that corrective pullback from 0.6624 has completed at 0.6418. Intraday bias is mildly on the upside for retesting 0.6624. On the downside, though, break of 0.6449 support will resume the correction to 38.2% retracement of 0.5913 to 0.6624 at 0.6352.

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) 0.6474; (P) 0.6491; (R1) 0.6521; More...

AUD/USD is still staying below 0.6528 resistance and intraday bias remains neutral. On the upside, firm break of 0.6528 will indicate that corrective pullback from 0.6624 has completed at 0.6418. Intraday bias will be back on the upside for retesting 0.6624. On the downside, break of 0.6418 will resume the fall to 38.2% retracement of 0.5913 to 0.6624 at 0.6352.

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) 0.6455; (P) 0.6467; (R1) 0.6485; More...

AUD/USD’s recovery from 0.6418 extends higher today but stays below 0.6528 resistance. Intraday bias remains neutral and further decline is in favor. Fall from 0.6624 short term top is seen as at least correcting the rally from 0.5913. Below 0.6418 will target 38.2% retracement of 0.5913 to 0.6624 at 0.6352. Nevertheless, break of 0.6528 will dampen this bearish case, and bring retest of 0.6624 high instead.

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) 0.6454; (P) 0.6472; (R1) 0.6485; More...

Intraday bias in AUD/USD remains neutral for the moment, and risk will stay on the downside as long as 0.6528 resistance holds. Fall from 0.6624 short term top is seen as at least correcting the rally from 0.5913. Below 0.6418 will target 38.2% retracement of 0.5913 to 0.6624 at 0.6352. Nevertheless, break of 0.6528 will dampen this bearish case, and bring retest of 0.6624 high instead.

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) 0.6428; (P) 0.6461; (R1) 0.6502; More...

Intraday bias in AUD/USD remains neutral for the moment. Fall from 0.6624 is at least correcting the rally from 0.5913. Risk will stay on the downside as long as this resistance holds. On the downside, break of 0.6148 will target 38.2% retracement of 0.5913 to 0.6624 at 0.6352.

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).

AUD/USD’s fall from 0.6624 extended lower to 0.6418 last week but recovered since then. Initial bias is turned neutral this week first. Fall from 0.6624 is at least correcting the rally from 0.5913. Risk will stay on the downside as long as this resistance holds. On the downside, break of 0.6148 will target 38.2% retracement of 0.5913 to 0.6624 at 0.6352.

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) 0.6407; (P) 0.6442; (R1) 0.6459; More...

Intraday bias in AUD/USD stays on the downside at this point. Fall from 0.6624 short term top is at least correcting the rally from 0.5913. Deeper decline would be seen to 38.2% retracement of 0.5913 to 0.6624 at 0.6352. Strong support is expected from 0.6352 to bring rebound. On the upside, above 0.6475 minor resistance will turn intraday bias neutral first.

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) 0.6397; (P) 0.6463; (R1) 0.6500; More...

AUD/USD’s break of 0.6453 support confirms short term topping at 0.6624, on bearish divergence condition in D MACD. Fall from there is tentatively seen as a correction to rise from 0.5913. Intraday bias is now on the downside for 38.2% retracement of 0.5913 to 0.6624 at 0.6352. Strong support is expected from 0.6352 to bring rebound. Above 0.6528 minor resistance will turn intraday bias neutral first.

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) 0.6494; (P) 0.6512; (R1) 0.6528; More...

Intraday bias in AUD/USD remains neutral for the moment. Rally from 0.5913 might still extend through 0.6624. However, considering bearish divergence condition in D MACD, upside should be limited by 0.6713 fibonacci level on next rise. Meanwhile, firm break of 0.6453 will turn bias back to the downside for deeper fall.

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) 0.6494; (P) 0.6540; (R1) 0.6567; More...

Intraday bias in AUD/USD remains neutral and more consolidations could be seen between 0.6453/6224. Rally from 0.5913 might still extend through 0.6624. However, considering bearish divergence condition in D MACD, upside should be limited by 0.6713 fibonacci level on next rise. Meanwhile, firm break of 0.6453 will turn bias back to the downside for deeper fall.

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) 0.6544; (P) 0.6573; (R1) 0.6594; More...

AUD/USD’s pullback from 0.6624 accelerated lower today, but downside is contained well above 0.6453 support. Intraday bias remains neutral first. Rally from 0.5913 might still extend through 0.6624. However, considering bearish divergence condition in D MACD, upside should be limited by 0.6713 fibonacci level on next rise. Meanwhile, firm break of 0.6453 will turn bias back to the downside for deeper fall.

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) 0.6544; (P) 0.6573; (R1) 0.6594; More...

Intraday bias in AUD/USD remains neutral and more consolidations could be seen below 0.6624 resistance. Further rise is expected as long as 0.6453 support holds. Above 0.6624 will turn bias back to the upside. However, considering bearish divergence condition in D MACD, upside should be limited by 0.6713 fibonacci level on next 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, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

AUD/USD’s rise from 0.5913 resumed to 0.6624 last week but retreated once again. Initial bias stays neutral this week first and some more consolidations could be seen. Further rise is expected as long as 0.6453 support holds. Above 0.6624 will turn bias back to the upside. However, considering bearish divergence condition in D MACD, upside should be limited by 0.6713 fibonacci level on next 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, 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) 0.6576; (P) 0.6601; (R1) 0.6615; More...

Intraday bias in AUD/USD is turned neutral first with current retreat. Some consolidations would be seen below 0.6624. But further rally is expected as long as 0.6453 support holds. Break of 0.6624 will resume the rise from 0.5913 towards 0.6713 fibonacci level.

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) 0.6564; (P) 0.6584; (R1) 0.6622; More...

Intraday bias in AUD/USD remains on the upside for the moment. Rise from 0.5913 is in progress and should target 0.6713 fibonacci level. On the downside, below 0.6578 minor support will turn intraday bias neutral and bring consolidations. But near term outlook will continue to stay bullish as long as 0.6453 support holds.

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) 0.6521; (P) 0.6539; (R1) 0.6575; More...

AUD/USD’s break of 0.6594 confirms resumption of whole rise form 0.5913. Intraday bias is back on the upside. Further rally should be seen to 0.6713 fibonacci level. On the downside, below 0.6545 minor support will turn intraday bias neutral again. But near term outlook will continue to stay bullish as long as 0.6453 support holds.

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) 0.6521; (P) 0.6539; (R1) 0.6575; More...

AUD/USD’s rebound continues today but stays below 0.6594 resistance. Intraday bias remains neutral at this point. On the downside, break of 0.6453 will extend the correction from 0.6594 to 38.2% retracement of 0.5913 to 0.6594 at 0.6334. Nevertheless, firm break of 0.6593 will resume the rally from 0.5913 and target 0.6713 fibonacci level.

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) 0.6478; (P) 0.6509; (R1) 0.6539; More...

AUD/USD’s dips mildly after failing to break through 55 4H EMA (now at 0.6524) decisively. Intraday bias remains neutral first. The corrective fall from 0.6594 short term top could extend lower. On the downside, break of 0.6453 will target 38.2% retracement of 0.5913 to 0.6594 at 0.6334, as a correction to the whole rally from 0.5913. Risk will stay mildly on the downside for now as long as 0.6594 resistance holds, in case of stronger 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. 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).