AUD/USD edged higher to 0.6563 last week but retreated since then. Initial bias is turned neutral this week for consolidations. Near term outlook will stay bullish as long as 0.6372 support holds. Above 0.6563 will resume the rally from 0.51913 to 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).

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) 0.6511; (P) 0.6538; (R1) 0.6572; More...

AUD/USD’s rise from 0.5913 finally resumed by breaking 0.6551 resistance. Intraday bias is back on the upside for 0.6713 fibonacci level. On the downside, below 0.6483 minor support will turn intraday bias neutral first. But near term outlook will now stay bullish as long as 0.6372 support holds, in case of retreat.

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) 0.6505; (R1) 0.6524; More...

AUD/USD’s rebound extended higher today but upside is still capped below 0.6551 resistance. Intraday bias remains neutral first. Consolidations could extend with another falling leg. But near term outlook will stay bullish as long as 38.2% retracement of 0.5913 to 0.6551 at 0.6307 holds. Firm break of 0.6551 will resume the rally from 0.5913.

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) 0.6453; (P) 0.6486; (R1) 0.6522; More...

AUD/USD is staying in range below 0.6551 short term top and intraday bias remains neutral. Consolations could extend with another falling leg. But near term outlook will stay bullish as long as 38.2% retracement of 0.5913 to 0.6551 at 0.6307 holds. Firm break of 0.6551 will resume the rally from 0.5913.

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) 0.6400; (P) 0.6432; (R1) 0.6490; More...

AUD/USD’s strong rebound suggests that pullback from 0.6551 has completed at 0.6372 already. Intraday bias is turned neutral first. Consolidation pattern from 0.6551 could extend with another falling leg. But near term outlook will stay bullish as long as 38.2% retracement of 0.5913 to 0.6551 at 0.6307 holds. Firm break of 0.6551 will resume the rally from 0.5913.

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) 0.6433; (P) 0.6465; (R1) 0.6481; More...

AUD/USD’s downside acceleration today confirms short term topping at 0.6551. Intraday bias is now on the downside for 38.2% retracement of 0.5913 to 0.6551 at 0.6307, even as a correction. Strong bounce from there will keep the fall as a corrective move. However, decisive break of 0.6307 will argue that it’s already reversing the rise from 0.5913 and target 61.8% retracement at 0.6157.

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 gyrated lower last week but momentum has been weak. Initial bias remains neutral this week first. Considering bearish divergence condition in D MACD, a short term top could be formed at 0.6551. On the downside, firm break of 0.6455 support will bring deeper decline to 38.2% retracement of 0.5913 to 0.6551 at 0.6307, even as a correction. Nevertheless, break of 0.6551 will resume the rally from 0.5913 instead.

In the bigger picture, there is no clear sign that down trend form 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) 0.6447; (P) 0.6480; (R1) 0.6515; More...

Intraday bias in AUD/USD remains neutral for the moment. On the downside, decisive break of 0.6455 support will indicate short term topping, with bearish divergence condition in 4H MACD. Intraday bias will be back on the downside for deeper pullback to 55 D EMA (now at 0.6429) and below. Nevertheless, strong rebound from current level, followed by break of 0.6651 resistance, will resume the rally from 0.5913 towards 0.6713 fibonacci level.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6472; (P) 0.6505; (R1) 0.6542; More...

Intraday bias in AUD/USD stays neutral first. On the downside, decisive break of 0.6455 support will indicate short term topping, with bearish divergence condition in 4H MACD. Intraday bias will be back on the downside for deeper pullback to 55 D EMA (now at 0.6425) and below. Nevertheless, strong rebound from current level, followed by break of 0.6651 resistance, will resume the rally from 0.5913 towards 0.6713 fibonacci level.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6447; (P) 0.6495; (R1) 0.6525; More...

AUD/USD retreated once again after edging higher to 0.6551. Intraday bias is turned neutral. On the downside, break of 0.6455 support will turn bias back to the downside for deeper pullback to 55 D EMA (now at 0.6425) and below. Nevertheless, above 0.6651 will extend the rally from 0.5913 towards 0.6713 fibonacci level.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6477; (P) 0.6514; (R1) 0.6562; More...

Breach of 0.6545 temporary top suggest that AUD/USD’s rally from 0.5913 is resuming. Intraday bias is mildly on the upside for 0.6713 fibonacci level. However, break of 0.6455 support will turn bias back to the downside for deeper pullback.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6451; (P) 0.6493; (R1) 0.6529; More...

Intraday bias in AUD/USD is turned neutral first with current recovery. But risk will stay mildly on the downside as long as 0.6545 resistance holds. Fall from there could extend to 55 D EMA (now at 0.6420). Firm break there will target 38.2% retracement of 0.5913 to 0.6545 at 0.6304. On the upside, break of 0.6545 will resume the rise from 0.5913 instead.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Despite edging higher to 0.6545 last week, subsequent pullback suggests that a short term top was already form. Risk will now stay on the downside as long as 1.6545 resistance holds. Deeper fall would be seen to 55 D EMA (now at 0.6416). Firm break there will target 38.2% retracement of 0.5913 to 0.6545 at 0.6304.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

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) 0.6515; (R1) 0.6552; More...

AUD/USD’s break of 0.6478 support indicates short term topping at 0.6545, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 0.6416). Firm break there will target 38.2% retracement of 0.5913 to 0.6545 at 0.6304. On the upside, break of 0.6545 will resume the rise from 0.5913 instead.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6483; (P) 0.6514; (R1) 0.6533; More...

AUD/USD quickly lost momentum after edging higher to 0.6545 and intraday bias is turned neutral again. Considering bearish divergence condition in 4H MACD, break of 0.6478 support will turn bias back to the downside for 55 D EMA (now at 0.6413) and possibly below. On the upside, firm break of 0.6545 will resume larger rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6497; (P) 0.6515; (R1) 0.6540; More...

Intraday bias in AUD/USD is mildly on the upside with breach of 0.6536 resistance. Rise from 0.5913 could be resuming for 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, considering bearish divergence condition in 4H MACD, break of 0.6478 support will turn bias back to the downside for 55 D EMA (now at 0.6410) and possibly below.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6497; (P) 0.6515; (R1) 0.6540; More...

Intraday bias in AUD/USD remains neutral. More consolidations could be seen below 0.6538, but even in case of another dip, further rise is in favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6406 will turn bias to the downside for 38.2% retracement of 0.5913 to 0.6536 at 0.6298.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6496; (P) 0.6515; (R1) 0.6536; More...

Intraday bias in AUD/USD remains neutral as it’s still staying below 0.6536 resistance. More consolidations could be seen, but even in case of another dip, further rise is in favor favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6406 will turn bias to the downside for 38.2% retracement of 0.5913 to 0.6536 at 0.6298.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

Daily Pivots: (S1) 0.6476; (P) 0.6497; (R1) 0.6513; More...

AUD/USD recovers mildly today but stays below 0.6536 resistance. Intraday bias remains neutral for the moment. Further rise is in favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6406 will turn bias to the downside for 38.2% retracement of 0.5913 to 0.6536 at 0.6298.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

AUD/USD stays in sideway consolidations from 0.6536 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is in favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6406 will turn bias to the downside for 38.2% retracement of 0.5913 to 0.6536 at 0.6298.

In the bigger picture, AUD/USD is still struggling to sustain above 55 W EMA (now at 0.6443) cleanly, and outlook is mixed. Sustained trading above 55 W EMA will indicate that rise from 0.5913 is at least correcting the down trend from 0.8006 (2021 high), with risk of trend reversal. Further rise should be seen to 38.2% retracement of 0.8006 to 0.5913 at 0.6713. However, rejection by 55 W EMA will revive medium term bearishness for another fall through 0.5913 at a later stage.

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.