Daily Pivots: (S1) 0.6925; (P) 0.6942; (R1) 0.6958; More…

Intraday bias in AUD/USD remains on the downside at this point. Current fall from 07031 short term top should target 0.6838 support first. Break will target 0.6754 near term structural support next. On the upside, above 0.6965 minor resistance will turn bias back to the upside for retesting 0.7031 resistance first.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

Daily Pivots: (S1) 0.6919; (P) 0.6956; (R1) 0.6982; More…

A short term top should be formed at 0.7031 already. Intraday bias is mildly on the downside for 1.6838 support first. Break will target 0.6754 near term structural support next. On the upside, though , break of 0.7031 will resume the corrective rebound from 0.6670 to 0.7082 key resistance.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

AUD/USD rose to 0.7031 last week be reversed from there. The breach of 0.6938 resistance turned support suggests short term topping. Initial bias is mildly on the downside this week for 1.6838 support first. Break will target 0.6754 near term structural support next. On the upside, though , break of 0.7031 will resume the corrective rebound from 0.6670 to 0.7082 key resistance.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

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) 0.6972; (P) 0.6997; (R1) 0.7014; More…

Intraday bias in AUD/USD remains neutral for the moment. On the upside, break of 0.7031 will resume the rebound from 0.6670 and target 0.7082 key resistance next. However, break of 0.6938 will be the first sign of near term reversal. In this case, intraday bias will be turned back to the downside for 0.6838 support next.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

Daily Pivots: (S1) 0.7000; (P) 0.7022; (R1) 0.7039; More…

AUD/USD lost momentum after hitting 0.7031 and 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. Intraday bias is turned neutral first. At this point, further rise is mildly in favor as long as 0.6938 resistance turned support holds. Break of 0.7031 will target 0.7082 key resistance. However, break of 0.6938 will be the first sign of near term reversal. In this case, intraday bias will be turned back to the downside for 0.6838 support next.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

Daily Pivots: (S1) 0.6978; (P) 0.6992; (R1) 0.7008; More…

AUD/USD rises to as high as 0.7012 so far and intraday bias remains on the upside. Firm break of 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 will put 0.7082 key resistance in focus. On the downside, break of 0.6965 minor support should indicate short term topping. In that case, intraday bias will be turned back to the downside for 0.6838 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

Daily Pivots: (S1) 0.6955; (P) 0.6971; (R1) 0.7001; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise from 0.6670 should target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013. Break there will put 0.7082 key resistance in focus. On the downside, below 0.6946 minor support will turn intraday bias neutral first. But further rally will remain in favor as long as 0.6838 support holds.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7506).

Daily Pivots: (S1) 0.6925; (P) 0.6938; (R1) 0.6959; More…

AUD/USD rises to as high as 0.6955 so far today. Break of 0.6938 suggests resumption of whole rise from 0.6670. Intraday bias is now on the upside for 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. On the downside, break of 0.6911 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 0.6838 support holds.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6914; (P) 0.6920; (R1) 0.6926; More…

AUD/USD is staying below 0.6938 resistance and intraday bias remains neutral first. Further rally is still mildly in favor with 0.6838 support intact. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6887; (P) 0.6897; (R1) 0.6911; More…

Intraday bias in AUD/USD stays neutral at this point. Further rally is still mildly in favor with 0.6838 support intact. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6860; (P) 0.6874; (R1) 0.6899; More…

Intraday bias in AUD/USD remains neutral for the moment. For now, further rally will remain in favor as long as 0.6838 holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6840; (P) 0.6852; (R1) 0.6866; More…

AUD/USD recovered after hitting 0.6838 but stays well below 0.6938 resistance. Intraday bias remains neutral first. For now, further rally will remain in favor as long as 0.6838 holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6838 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6832; (P) 0.6859; (R1) 0.6879; More…

Intraday bias in AUD/USD remains neutral first. While deeper retreat could be seen, further rise remains mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6869; (P) 0.6884; (R1) 0.6898; More…

AUD/USD’s correction from 0.6938 is still in progress and intraday bias stay neutral. While deeper retreat could be seen, further rise remains mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

Daily Pivots: (S1) 0.6847; (P) 0.6893; (R1) 0.6922; More…

Intraday bias in AUD/USD remains neutral and more consolidation could be seen below 0.6938 temporary top. Further rise remains mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

AUD/USD rose to as high as 0.6938 last week but retreated sharply since then. Initial bias is neutral this week for some consolidations first. For now, further rise is mildly in favor as long as 0.6800 support holds. On the upside, above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. However, break of 0.6800 will turn bias back to the downside for 0.6754 support instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7502).

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) 0.6879; (P) 0.6896; (R1) 0.6924; More…

AUD/USD’s breach of 0.6929 resistance suggests resumption of whole rise form 0.6670. Intraday bias stays on the upside for 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. On the downside, below 0.6878 minor support will turn intraday bias neutral first. But risk will stays on the upside as long as 0.6800 support holds.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7525).

Daily Pivots: (S1) 0.6825; (P) 0.6857; (R1) 0.6909; More…

AUD/USD’s rise from 0.6754 resumed by taking out 0.6862 and hits as high as 0.6889 so far. Such development suggests that pull back from 0.6929 has completed and rebound from 0.6670 is resuming. Intraday bias is back on the upside for 0.6929 first. Break will target 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. On the downside, break of 0.6800 will dampen the bullish case and turn bias back to the downside.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7525).

Daily Pivots: (S1) 0.6796; (P) 0.6817; (R1) 0.6833; More…

At this point, we’re still slightly favoring more decline to 0.6754 support. Break will resume the fall from 0.6929 to retest 0.6670 low. However, on the upside, above 0.6862 will turn bias back to the upside for 0.6929 resistance instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7525).

Daily Pivots: (S1) 0.6817; (P) 0.6829; (R1) 0.6838; More…

AUD/USD’s break of 0.6813 minor support suggests that rebound from 0.6754 has completed at 0.6862. Intraday bias is turned back to the downside for 0.6754 first. Break will resume the decline form 0.6929 to retest 0.6670 low. On the upside, above 0.6862 will turn bias back to the upside for 0.6929 resistance instead.

In the bigger picture, with 0.7082 resistance intact, there is no clear confirmation of trend reversal yet. That is, down trend from 0.8135 (2018 high) is still expect to continue to 0.6008 (2008 low). However, decisive break of 0.7082 will confirm medium term bottoming and bring stronger rally back to 55 month EMA (now at 0.7525).