AUD/USD stayed in consolidation above 0.6769 temporary low last week and outlook is unchanged. Initial bias remains neutral this week first. Upside of the consolidation should be limited by 0.6841 resistance to bring fall resumption. As noted before, corrective rise from 0.6670 should have completed at 0.6929. Break of 0.6769 will extend the fall from 0.6929 to retest 0.6670 low. However, break of 0.6841 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 0.7529).

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) 0.6775; (P) 0.6795; (R1) 0.6806; More…

Intraday bias in AUD/USD remains neutral at this point. Consolidation form 0.6769 could extend further. But upside should be limited by 0.6841 minor resistance to bring another decline. On the downside, break of 0.6769 will resume the fall to retest 0.6670 low. However, break of 0.6841 will turn bias back to the upside for 0.6929 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 0.7529).

Daily Pivots: (S1) 0.6784; (P) 0.6807; (R1) 0.6825; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6769 temporary low is extending. Outlook is unchanged that rebound from 0.6670 should have completed at 0.6929. Upside of recovery should be limited by 0.6841 minor resistance to bring another decline. On the downside, break of 0.6769 will resume the fall to retest 0.6670 low. However, break of 0.6841 will turn bias back to the upside for 0.6929 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 0.7529).

Daily Pivots: (S1) 0.6798; (P) 0.6816; (R1) 0.6848; More…

AUD/USD is staying in consolidation above 0.6769 temporary low and intraday bias remains neutral first. Outlook is unchanged that rebound from 0.6670 should have completed at 0.6929. Upside of recovery should be limited by 0.6841 minor resistance to bring another decline. On the downside, break of 0.6769 will resume the fall to retest 0.6670 low. However, break of 0.6841 will turn bias back to the upside for 0.6929 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 0.7529).

Daily Pivots: (S1) 0.6797; (P) 0.6810; (R1) 0.6820; More…

Intraday bias in AUD/USD stays neutral for consolidation above 0.6769. Outlook is unchanged for the moment. Recent development suggests that rebound from 0.6670 has completed at 0.6929. Upside of recovery should be limited by 0.6841 minor resistance to bring another decline. On the downside, break of 0.6769 will resume the fall to retest 0.6670 low. However, break of 0.6841 will turn bias back to the upside for 0.6929 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 0.7529).

Daily Pivots: (S1) 0.6794; (P) 0.6808; (R1) 0.6835; More…

Intraday bias in AUD/USD remains neutral for the moment. Recent development suggests that rebound from 0.6670 has completed at 0.6929. Upside of recovery should be limited by 0.6841 minor resistance to bring another decline. On the downside, break of 0.6769 will resume the fall to retest 0.6670 low. However, break of 0.6841 will turn bias back to the upside for 0.6929 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 0.7529).

AUD/USD dropped sharply to as low as 0.6769 last week and the development suggests that rebound from 0.6670 has completed at 0.6929. But as a temporary low was formed with subsequent recovery, initial bias is neutral this week first. Upside of recovery should be limited by 0.6841 minor resistance to bring another decline. On the downside, break of 0.6769 will resume the fall to retest 0.6670 low. However, break of 0.6841 will turn bias back to the upside for 0.6929 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 0.7529).

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) 0.6757; (P) 0.6799; (R1) 0.6828; More…

Intraday bias in AUD/USD remains on the downside at this point. Corrective recovery from 0.6670 should have completed at 0.6929 already. Deeper fall would be seen to retest 0.6670 low first. Break will resume larger down trend. On the upside, above 0.6841 minor resistance will turn intraday bias neutral and bring recovery. But risk will stay on the downside as long as 0.6929 resistance holds.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7529).

Daily Pivots: (S1) 0.6820; (P) 0.6839; (R1) 0.6856; More…

AUD/USD’s break of 0.6809 support suggests that corrective recovery from 0.6670 has completed at 0.6929 already. Intraday bias is turned back to the downside for retesting 0.6670 first. Break will resume larger down trend. On the upside, above 0.6841 minor resistance will turn intraday bias neutral and bring recovery. But risk will stay on the downside as long as 0.6929 resistance holds.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7529).

Daily Pivots: (S1) 0.6836; (P) 0.6871; (R1) 0.6894; More…

Intraday bias in AUD/USD remains neutral for more consolidations. Further rise in favor with 0.6809 minor support intact. On the upside, break of 0.6929 will resume the rise from 0.6670 to 0.7082 key resistance next. On the downside, however, break of 0.6809 support will suggest that such rebound is completed. Intraday bias will be turned back to the downside for retesting 0.6670 low.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7529).

Daily Pivots: (S1) 0.6836; (P) 0.6871; (R1) 0.6894; More…

Price actions from 0.6929 in AUD/USD is still seen as a corrective move. Intraday bias remains neutral first and further rise in favor with 0.6809 minor support intact. On the upside, break of 0.6929 will resume the rise from 0.6670 to 0.7082 key resistance next. On the downside, however, break of 0.6809 support will suggest that such rebound is completed. Intraday bias will be turned back to the downside for retesting 0.6670 low.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7529).

Daily Pivots: (S1) 0.6836; (P) 0.6871; (R1) 0.6894; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6929 is extending. On the upside, break of 0.6929 will resume the rise from 0.6670 to 0.7082 key resistance next. On the downside, however, break of 0.6809 support will suggest that such rebound is completed. Intraday bias will be turned back to the downside for retesting 0.6670 low.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7529).

AUD/USD declined mildly last week but stayed well above 0.6809 support. Price actions from 0.6929 are seen as a consolidation pattern first. Initial bias remains neutral this week. On the upside, break of 0.6929 will resume the rise from 0.6670 to 0.7082 key resistance next. On the downside, however, break of 0.6809 support will suggest that such rebound is completed. Intraday bias will be turned back to the downside for retesting 0.6670 low.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7529).

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) 0.6870; (P) 0.6891; (R1) 0.6921; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6929 is extending. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will suggest completion of the rebound and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6867; (P) 0.6887; (R1) 0.6906; More…

AUD/USD is staying in consolidation from 0.6929 and intraday bias remains neutral first. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will suggest completion of the rebound and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6871; (P) 0.6899; (R1) 0.6922; More…

Intraday bias in AUD/USD remains neutral as consolidation from 0.6929 is in progress. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will suggest completion of the rebound and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6867; (P) 0.6896; (R1) 0.6915; More…

AUD/USD recovers higher of 4 hour 55 EMA but stays below 0.6929 temporary top. Intraday bias remains neutral and more consolidations could be seen. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Above 0.6929 will target 0.7082 key resistance. On the downside, though, break of 0.6809 support will revive bearishness and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

Daily Pivots: (S1) 0.6891; (P) 0.6906; (R1) 0.6928; More…

AUD/USD is staying in consolidation below 0.6929 temporary top and intraday bias remains neutral first. In case of another fall, downside of retreat should be contained above 0.6809 support to bring another rise. Prior break of 0.6894 resistance was taken as the first sign of medium term reversal. This is affirmed by the strong support by 55 day EMA. Above 0.6929 will target 0.7082 key resistance for confirmation. On the downside, though, break of 0.6809 support will revive bearishness and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

AUD/USD’s rebound from 0.6670 extended to as high as 0.6929 last week but formed a temporary top there. Initial bias is neutral this week for some consolations first. But downside of retreat should be contained above 0.6809 support to bring another rise. Break of 0.6894 resistance was taken as the first sign of medium term reversal. This is affirmed by the strong support by 55 day EMA. Above 0.6929 will target 0.7082 key resistance for confirmation. On the downside, though, break of 0.6809 support will revive bearishness and target 0.6670 low again.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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 0.7531).

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) 0.6875; (P) 0.6902; (R1) 0.6922; More…

Intraday bias in AUD/USD remains on the upside at this point. Current rise from 0.6670 should target retesting 0.7082 key resistance next. On the downside, break of 0.6809 support is needed to signal completion of the rise. Otherwise, outlook will stay cautiously bearish in case of retreat.

In the bigger picture, the case of medium term bullish reversal is building up with bullish convergence condition in weekly MACD. But there is no clear confirmation yet. As long as 0.7082 resistance holds, larger 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.