Daily Pivots: (S1) 0.6008; (P) 0.6064; (R1) 0.6120; More…

Intraday bias in AUD/USD stays neutral for the moment. Rebound from 0.5506 is seen as a corrective move. Upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6024; (P) 0.6091; (R1) 0.6143; More…

Intraday bias in AUD/USD remains neutral at this point. We’d continue to expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6079; (P) 0.6146; (R1) 0.6210; More…

Intraday bias in AUD/USD is neutral for the moment and outlook is unchanged. We’d still expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6125; (P) 0.6155; (R1) 0.6197; More…

No change in AUD/USD’s outlook. We’d still expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.6059; (P) 0.6130; (R1) 0.6236; More…

Intraday bias in AUD/USD remains on the upside as rebound from 0.5506 is still in progress. Such rebound is seen as a correction and should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

AUD/USD’s rebound from 0.5506 extended higher last week and outlook is unchanged. Such rebound is seen as a correction and should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 support turned resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

In the longer term picture, down trend from 1.1079 (2011) is still in progress. It’s a bit early to just the depth of the down trend. But sustained break of 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 could pave the way to 100% projection at 0.3882.

Daily Pivots: (S1) 0.5923; (P) 0.6005; (R1) 0.6140; More…

AUD/USD’s corrective rise from 0.5506 is still in progress and further rebound cannot be ruled out. But upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5870 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5902; (P) 0.5988; (R1) 0.6044; More…

No change in AUD/USD’s outlook as consolidation form 0.5506 is still in progress. Further rise cannot be ruled out. But upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5699 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5854; (P) 0.5915; (R1) 0.6015; More…

AUD/USD’s corrective rise from 0.5506 extends higher today and outlook is unchanged. While further rise cannot be ruled out, upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5699 minor support will turn bias back to the downside for retesting 0.5506 low first. However, sustained break of 0.6234 will dampen immediate bearish case and turn focus back to 0.6684 resistance.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5732; (P) 0.5788; (R1) 0.5877; More…

ADU?USD is staying in consolidation from 0.5506 and intraday bias remains neutral. Stronger recovery cannot be ruled out, to 4 hour 55 EMA (now at 0.6020). But upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5506 will target 261.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5118.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5650; (P) 0.5818; (R1) 0.5971; More…

AUD/USD’s consolidation from 0.5506 is still in progress and intraday bias remains neutral first. Another recovery could be seen to 4 hour 55 EMA (now at 0.6064). But upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5506 will target 261.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5118.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

AUD/USD’s decline accelerated to as low as 0.5506 last week and recovered after hitting 0.5507 long term projection level. Initial bias remains neutral this week for consolidations first. In case of another recovery, upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5506 will target 261.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5118.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

In the longer term picture, down trend from 1.1079 (2011) is still in progress. It’s a bit early to just the depth of the down trend. But sustained break of 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 could pave the way to 100% projection at 0.3882.

Daily Pivots: (S1) 0.5514; (P) 0.5739; (R1) 0.5969; More…

AUD/USD formed a temporary low at 0.5506 after hitting long term projection level of 0.5507, and recovered. Intraday bias is turned neutral for some consolidations. Stronger recovery cannot be ruled out. But upside should be limited by 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to bring fall resumption. On the downside, break of 0.5506 will target 261.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5118.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5946; (P) 0.5986; (R1) 0.6007; More…

AUD/USD’s decline accelerated to as low as 0.5506 so far today. There might be some support from 0.5507 long term projection level. But break of 0.6028 minor resistance is needed to indicate short term bottoming. Otherwise, further decline is still expected, for next target of 261.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5118.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507 is already met. Sustained break there will pave the way to 0.4773 (2001 low). On the upside, break of 0.6670 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.

Daily Pivots: (S1) 0.5923; (P) 0.6036; (R1) 0.6113; More…

Intraday bias in AUD/USD remains on the downside at this point. We’d stay cautious on recovery from around 0.6008 key support. On the upside, break of 0.6186 minor resistance will turn bias back to the upside for rebound. However, sustained break of 0.6008 will pave the way to 161.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5716.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Prior rejection by 55 week EMA affirms medium term bearishness. 0.6008 (2008 low) is already met. Sustained break will target 0.5507 long term fibonacci projection level. Outlook will stay bearish as long as 0.6670 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6030; (P) 0.6168; (R1) 0.6258; More…

AUD/USD’s fall extends to as low as 0.5981 so far today and breaches 0.6008 key support. We’d be cautious on recovery from this level. On the upside, break of 0.6186 minor resistance will turn bias back to the upside for rebound. However, sustained break of 0.6008 will pave the way to 161.8% projection of 0.7031 to 0.6433 from 0.6684 at 0.5716.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Prior rejection by 55 week EMA affirms medium term bearishness. 0.6008 (2008 low) is already met. Sustained break will target 0.5507 long term fibonacci projection level. Outlook will stay bearish as long as 0.6670 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6030; (P) 0.6168; (R1) 0.6258; More…

Further decline is expected in AUD/USD at this point. But there might be some support between 0.6008 key support and 100% projection of 0.7031 to 0.6433 from 0.6684 at 0.6086 to bring recovery. On the upside, above 0.6186 minor resistance will turn intraday bias neutral and bring consolidations first. But upside should be limited by 0.6433/6884 resistance zone to bring fall resumption.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Prior rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Break will target 0.5507 long term fibonacci projection level. Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.6094; (P) 0.6209; (R1) 0.6293; More…

Intraday bias in AUD/USD remains on the downside at this point. Further fall should be seen but there might be some support between 0.6008 key support and 100% projection of 0.7031 to 0.6433 from 0.6684 at 0.6086 to bring recovery. On the upside, above 0.6325 minor resistance will turn intraday bias neutral and bring consolidations first. But upside should be limited by 0.6433/6884 resistance zone to bring fall resumption.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Prior rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Break will target 0.5507 long term fibonacci projection level. Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

AUD/USD’s down trend resumed last week and dropped to as low as 0.6123. There is no sign of bottoming yet and initial bias stays on the downside this week for 100% projection of 0.7031 to 0.6433 from 0.6684 at 0.6086 next. Some support could be seen fro 0.6008 key support to bring recovery. On the upside, above 0.6325 minor resistance will turn intraday bias neutral and bring consolidations first. But upside should be limited by 0.6433/6884 resistance zone to bring fall resumption.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Prior rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Break will target 0.5507 long term fibonacci projection level. Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.

In the longer term picture, prior rejection by 55 month EMA maintained long term bearishness in AUD/USD. That is, down trend from 1.1079 (2011 high) is still in progress. Next downside target is 61.8% projection of 1.1079 to 0.6826 from 0.8135 at 0.5507.

Daily Pivots: (S1) 0.6136; (P) 0.6314; (R1) 0.6415; More…

Intraday bias in AUD/USD remains on the downside at this point. Current down trend should target 100% projection of 0.7031 to 0.6433 from 0.6684 at 0.6086 next. On the upside, above 0.6385 minor resistance will turn intraday bias neutral first. But recovery should be limited below 0.6684 resistance to bring fall resumption.

In the bigger picture, AUD/USD’s decline from 0.8135 (2018 high) is still in progress. It’s part of the larger down trend from 1.1079 (2011 high). Rejection by 55 week EMA affirms medium term bearishness. Next target is 0.6008 (2008 low). Outlook will stay bearish as long as 0.7031 resistance holds, even in case of strong rebound.