Daily Pivots: (S1) 1.5957; (P) 1.5999; (R1) 1.6024; More…

EUR/AUD is staying in consolidation from 1.5963 and intraday bias remains neutral first. Further fall is expected with 1.6071 minor resistance intact. Break of 1.5963 will target 1.5894/5906 key support zone. On the upside, above 1.6071 will turn bias back to the upside for recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6077) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.5905; (P) 1.5985; (R1) 1.6118; More…

Intraday bias in EUR/AUD remains neutral first. Further fall is expected with 1.6071 minor resistance intact. Break of 1.5963 will target 1.5894/5906 key support zone. On the upside, above 1.6071 will turn bias back to the upside for recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6077) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.5985; (P) 1.6011; (R1) 1.6038; More…

EUR/AUD is staying in consolidation from 1.5970 temporary low. Intraday bias remains neutral for the moment. On the downside, below 1.5970 will extend the decline from 1.6314 to 1.5894/5906 key support zone. On the upside, above 1.6071 will turn bias back to the upside for recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6081) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.5971; (P) 1.6003; (R1) 1.6034; More…

Intraday bias in EUR/AUD remains neutral for consolidation above 1.5970 temporary low. On the downside, below 1.5970 will extend the decline from 1.6314 to 1.5894/5906 key support zone. On the upside, above 1.6071 will turn bias back to the upside for recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6081) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.5878; (P) 1.6069; (R1) 1.6165; More…

A temporary low should be formed at 1.5970 in EUR/AUD with current recovery. Intraday bias is turned neutral first. On the downside, below 1.5970 will extend the decline from 1.6314 to 1.5894/5906 key support zone. On the upside, above 1.6071 will turn bias back to the upside for recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6081) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6008; (P) 1.6184; (R1) 1.6373; More…

Intraday bias in EUR/AUD remains on the downside as long as 1.6071 minor resistance intact. Deeper fall should be seen to 1.5894/5906 key support zone. On the upside, above 1.6071 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.6314 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6081) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6002; (P) 1.6081; (R1) 1.6130; More…

Break of 1.6063 support turns intraday bias in EUR/AUD to the downside for 1.5976 support. Break there will turn focus to 1.5894/5906 key support zone. For now, risk will stay on the downside as long as 1.6323 resistance holds, in case of recovery.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6081) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6120; (P) 1.6176; (R1) 1.6204; More…

EUR/AUD is staying in range of 1.6063/6323 and intraday bias remains neutral first. On the upside, break of 1.6323 resistance will resume the rise from 1.5976 to 1.6432 resistance. On the downside, below 1.6063 will target 1.5976 support first.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6084) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6184; (P) 1.6236; (R1) 1.6271; More…

EUR/AUD was rejected by 1.6323 resistance and dropped sharply. But it’s staying above 1.6063 support and intraday bias remains neutral first. On the upside, break of 1.6323 resistance will resume the rise from 1.5976 to 1.6432 resistance. On the downside, below 1.6063 will target 1.5976 support first.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6084) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6148; (P) 1.6185; (R1) 1.6221; More…

EUR/AUD is staying in range of 1.6063/6323 and intraday bias remains neutral first. On the upside, break of 1.6323 resistance will resume the rise from 1.5976 to 1.6432 resistance. On the downside, below 1.6063 will target 1.5976 support first.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6084) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6148; (P) 1.6185; (R1) 1.6221; More…

Intraday bias in EUR/AUD remains neutral at this point. On the upside, break of 1.6323 resistance will resume the rise from 1.5976 to 1.6432 resistance. On the downside, below 1.6063 will target 1.5976 support first.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6084) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6101; (P) 1.6167; (R1) 1.6237; More…

Intraday bias in EUR/AUD remains neutral first and near term outlook is a bit mixed. On the upside, break of 1.6323 resistance will resume the rise from 1.5976 to 1.6432 resistance. On the downside, below 1.6063 will target 1.5976 support first.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6084) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

EUR/AUD dropped to as low as 1.6063 last week but quickly recovered. Near term outlook is a bit mixed for the moment as choppy sideway trading continued. Initial bias is neutral this week first. On the upside, break of 1.6323 resistance will resume the rise from 1.5976 to 1.6432 resistance. On the downside, below 1.6063 will target 1.5976 support first.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6084) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5894 remains intact. However, firm break of 1.5894 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.

Daily Pivots: (S1) 1.6072; (P) 1.6142; (R1) 1.6189; More…

Intraday bias in EUR/AUD remains on the downside at this point. Fall from 1.6323 is in progress for 1.5976 support first. Break will target 1.5894 key support next. On the upside, above 1.6211 minor resistance will turn bias back to the upside for 1.6323 resistance instead.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6125; (P) 1.6212; (R1) 1.6269; More…

EUR/AUD’s break of 1.6148 suggests that rebound form 1.5976 has completed and fall from 1.6323 has resumed. Intraday bias is back on the downside for 1.5976 support first. Break will turn focus to 1.5894 key support level. On the upside, above 1.6211 minor resistance will turn intraday bias neutral again.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6125; (P) 1.6212; (R1) 1.6269; More…

Intraday bias in EUR/AUD remains neutral with focus now on 1.6148 support. Break will turn bias to the downside for 1.5976 support first. On the upside, break of 1.6323 will resume the rise from 1.5976 to 1.6432 resistance next. For now, risk will stay on the downside as long as 1.6323 resistance holds in any case.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6222; (P) 1.6257; (R1) 1.6322; More…

Intraday bias in EUR/AUD remains neutral first as range trading continues. At this point, we’re still slightly favoring the bearish case that rebound from 1.5976 has completed at 1.6323 already. Thus, risk will stay on the downside as long as 1.6323 resistance holds. Break of 1.6148 will turn bias to the downside for 1.5976 support first. On the upside, break of 1.6323 will resume the rise from 1.5976 to 1.6432 resistance next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6171; (P) 1.6204; (R1) 1.6241; More…

EUR/AUD is staying in range of 1.6148/6323 and intraday bias remains neutral. At this point, we’re slightly favoring the bearish case that rebound from 1.5976 has completed at 1.6323 already. Thus, risk will stay on the downside as long as 1.6323 resistance holds. Break of 1.6148 will turn bias to the downside for 1.5976 support first. On the upside, break of 1.6323 will resume the rise from 1.5976 to 1.6432 resistance next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6125; (P) 1.6192; (R1) 1.6233; More…

Intraday bias in EUR/AUD remains neutral as it’s bounded in range of 1.6148/6323. At this point, we’re slightly favoring the case that rebound from 1.5976 has completed at 1.6323 already. Thus, risk will stay on the downside as long as 1.6323 resistance holds. Break of 1.6148 will turn bias to the downside for 1.5976 support first. On the upside, break of 1.6323 will resume the rise from 1.5976 to 1.6432 resistance next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

EUR/AUD dropped to 1.6148 last week but quickly recovered. Initial bias is neutral this week work. We’re slightly favoring the case that rebound from 1.5976 has completed at 1.6323 already. Thus, risk will stay on the downside as long as 1.6323 resistance holds. Break of 1.6148 will turn bias to the downside for 1.5976 support first. On the upside, break of 1.6323 will resume the rise from 1.5976 to 1.6432 resistance next.

In the bigger picture, as long as 1.5894 support holds, outlook remains bullish. Firm break of 1.6786 will resume up trend from 1.1602 (2012 low). Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. However, sustained break of 1.5894 will have 55 week EMA (now at 1.6071) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) is still in progress for 61.8% retracement of 2.1127 to 1.1602 at 1.7488. This will remain the favored case as long as 1.5894 remains intact. However, firm break of 1.5894 will be an early sign of major topping and turn focus to 1.5346 key support for confirmation.