Daily Pivots: (S1) 1.6085; (P) 1.6135; (R1) 1.6174; More…

Intraday bias in EUR/AUD is turned neutral with current retreat, and some consolidations could be seen. But near term outlook stays bullish as long as 1.5925 support holds. On the upside, break of 1.6182 will resume the rise from 1.5250 to 1.6827 resistance next.

In the bigger picture, a medium term bottom was formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt.

Daily Pivots: (S1) 1.6088; (P) 1.6132; (R1) 1.6204; More…

Intraday bias in EUR/AUD remains on the upside at this point. Rise from 1.5250 is still in progress and should target 1.6827 resistance next. On the downside, break of 1.5925 support is needed to indicate short term topping. Otherwise, near term outlook will stay mildly bullish in case of retreat.

In the bigger picture, a medium term bottom was formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt.

EUR/AUD’s rise from 1.5250 resumed last week and hit as high as 1.6174. Initial bias is now on the upside for 1.6827 resistance next. On the downside, break of 1.5925 support is needed to indicate short term topping. Otherwise, near term outlook will stay mildly bullish in case of retreat.

In the bigger picture, a medium term bottom was formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is currently seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We’d tentatively expect strong resistance from there to limit upside, at least on first attempt.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

Daily Pivots: (S1) 1.6032; (P) 1.6067; (R1) 1.6111; More…

EUR/AUD is staying in consolidation from 1.6128 and intraday bias remains neutral first. Still, near term outlook stays bullish as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the rise from 1.5250, as a correction to fall from 1.9799, to 1.6827 resistance next.

In the bigger picture, current development argues that a medium term bottom is formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. This will remain the favored case for now, as long as 1.5614 support holds.

Daily Pivots: (S1) 1.6026; (P) 1.6063; (R1) 1.6099; More…

Intraday bias in EUR/AUD remains neutral for the moment as consolidation from 1.6128 is extending. Overall, near term outlook stays bullish as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the rise from 1.5250, as a correction to fall from 1.9799, to 1.6827 resistance next.

In the bigger picture, current development argues that a medium term bottom is formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. This will remain the favored case for now, as long as 1.5614 support holds.

Daily Pivots: (S1) 1.5996; (P) 1.6042; (R1) 1.6103; More…

EUR/AUD is staying in consolidation from 1.6128 and intraday bias remains neutral first. Overall, near term outlook stays bullish as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the rise from 1.5250, as a correction to fall from 1.9799, to 1.6827 resistance next.

In the bigger picture, current development argues that a medium term bottom is formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. This will remain the favored case for now, as long as 1.5614 support holds.

Daily Pivots: (S1) 1.5955; (P) 1.6008; (R1) 1.6046; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6128 is extending. Overall, near term outlook stays bullish as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the rise from 1.5250, as a correction to fall from 1.9799, to 1.6827 resistance next.

In the bigger picture, current development argues that a medium term bottom is formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. This will remain the favored case for now, as long as 1.5614 support holds.

Daily Pivots: (S1) 1.5940; (P) 1.5969; (R1) 1.6012; More…

EUR/AUD rebounds after drawing support from 4 hour 55 EMA but stays below 1.6128. Intraday bias remains neutral first. Overall, near term outlook stays bullish as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the rise from 1.5250, as a correction to fall from 1.9799, to 1.6827 resistance next.

In the bigger picture, current development argues that a medium term bottom is formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. This will remain the favored case for now, as long as 1.5614 support holds.

EUR/AUD surged further to 1.6128 last week but retreated since then. Initial bias remains neutral this week for some consolidations first. Overall, near term outlook stays bullish as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the rise from 1.5250, as a correction to fall from 1.9799, to 1.6827 resistance next.

In the bigger picture, current development argues that a medium term bottom is formed at 1.5250, on bullish convergence condition in daily MACD. Rise from 1.5250 is seen as a correction to the down trend from 1.9799 first. Stronger rise would be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. This will remain the favored case for now, as long as 1.5614 support holds.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

Daily Pivots: (S1) 1.5900; (P) 1.5978; (R1) 1.6023; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6128 is extending. Further rally is expected as long as 1.5773 support holds. On the upside, break of 1.6128 will resume the whole rise from 1.5250, which correctives the down trend from 1.9799, to 1.6827 resistance next.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.5993; (P) 1.6062; (R1) 1.6097; More…

Intraday bias in EUR/AUD is turned neutral with current retreat. Some consolidation could be seen, but further rise is expected as long as 1.5773 support holds. Break of 1.6128 will resume the whole rise from 1.5250, which correctives the down trend from 1.9799, to 1.6827 resistance next.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.6039; (P) 1.6076; (R1) 1.6111; More…

Intraday bias in EUR/AUD remains on the for moment. Current rise from 1.5250 is at least correcting the whole fall from 1.9799. Further rise should be seen to 1.6827 resistance next. On the downside, below 1.6039 minor support will turn intraday bias neutral first. But further rise is expected as long as 1.5773 support holds, in case of retreat.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.5958; (P) 1.6040; (R1) 1.6147; More…

Intraday bias in EUR/AUD remains on the upside at this point. Rise from 1.5250 is at least correcting the whole fall from 1.9799. Further rise should be seen to 1.6827 resistance next. On the downside, below 1.5976 minor support will turn intraday bias neutral first. But further rise is expected as long as 1.5773 support holds, in case of retreat.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.5901; (P) 1.5935; (R1) 1.5997; More…

Intraday bias in EUR/AUD remains on the upside at this point. The strong break of 1.6003 resistance argues that rise from 1.5250 is at least correcting the whole fall from 1.9799. Further rise would be seen to 1.6827 resistance and then 1.6988 fibonacci level. On the downside, break of 1.5773 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, break of 1.6033 support turned resistance suggest that fall from 1.9799 has completed at 1.5250 already, on bullish convergence condition in daily MACD. Rise form 1.5250 could either be correcting or reversing the prior fall form 1.9799. In both case, further rally is now expected to 38.2% retracement of 1.9799 to 1.5250 at 1.6988. Reactions from there would reveal more about the underlying momentum.

Daily Pivots: (S1) 1.5901; (P) 1.5935; (R1) 1.5997; More…

EUR/AUD’s break of 1.5976 resistance suggests resumption of whole rise from 1.5250. Intraday bias is back on the upside for 1.6003 key resistance level. Decisive break there will argue that rise from 1.5250 is at least correcting the whole fall from 1.9799. Further rally would be seen to 1.6827 resistance next. For now, further rise is expected as long as 1.5773 support holds, in case of retreat.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

EUR/AUD stayed in consolidation below 1.5976 last week and outlook is unchanged. Initial bias stays neutral this week first but further rise is expected with 1.5614 support intact. On the upside, break of 1.5976 will resume the rise from 1.5250 to 1.6033 key support turned resistance next. Sustained break there will argue that longer term trend has reversed, and target 1.6827 resistance.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

In the longer term picture, rise from 1.1602 (2012 low) should have already completed with three waves up to 1.9799 (2020 high). Fall from there is seen as a medium term to long term down leg as a long term down trend, or a sideway pattern. We’ll assess the odds again at a later stage.

Daily Pivots: (S1) 1.5841; (P) 1.5884; (R1) 1.5958; More…

Intraday bias in EUR/AUD remains neutral as consolidation continues. Another rise could be seen with 1.5614 support intact. On the upside, break of 1.5976 will resume the choppy rise from 1.5250 to 1.6033 key support turned resistance next. Sustained break there will argue that longer term trend has reversed, and target 1.6827 resistance for confirmation.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.5781; (P) 1.5814; (R1) 1.5852; More…

Outlook in EUR/AUD remains unchanged and intraday bias stays neutral first. Another rise could be seen with 1.5614 support intact. On the upside, break of 1.5976 will resume the choppy rise from 1.5250 to 1.6033 key support turned resistance next. Sustained break there will argue that longer term trend has reversed, and target 1.6827 resistance for confirmation.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.5785; (P) 1.5835; (R1) 1.5868; More…

Intraday bias in EUR/AUD remains neutral first as consolidation from 1.5976 is still extending. Another rise could be seen with 1.5614 support intact. On the upside, break of 1.5976 will resume the choppy rise from 1.5250 to 1.6033 key support turned resistance next. Sustained break there will argue that longer term trend has reversed, and target 1.6827 resistance for confirmation.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.

Daily Pivots: (S1) 1.5818; (P) 1.5866; (R1) 1.5902; More…

EUR/AUD is staying in consolidation from 1.5976 temporary top and intraday bias remains neutral first. Another rise could be seen with 1.5614 support intact. On the upside, break of 1.5976 will resume the choppy rise from 1.5250 to 1.6033 key support turned resistance next. Sustained break there will argue that longer term trend has reversed, and target 1.6827 resistance for confirmation.

In the bigger picture, outlook stays bearish with 1.6033 support turned resistance intact for now. Fall from 1.9799, as a correction to to long term up trend from 1.1602 (2012 low) is still in favor to resume through 1.5250 later. However, However, firm break of 1.6033 will argue that such decline has completed. Stronger rebound would then be seen 38.2% retracement of 1.9799 to 1.5250 at 1.6988.