EUR/AUD stayed in consolidation from 1.6368 last week and outlook is unchanged. Initial bias remains neutral this week first and further rise expected as long as 1.6074 minor support holds. On the upside, break of 1.6368 will extend the rise from 1.5905 to 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6038) 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) 1.6237; (P) 1.6304; (R1) 1.6343; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6368 continues. Further rise is expected as long as 1.6074 support holds. Corrective fall from 1.6786 should have completed at 1.5905. Break of 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6031) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6274; (P) 1.6299; (R1) 1.6341; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6368 is extending. Further rise is expected as long as 1.6074 support holds. Corrective fall from 1.6786 should have completed at 1.5905. Break of 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6031) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6254; (P) 1.6284; (R1) 1.6314; More…

EUR/AUD is staying in consolidation from 1.6368 and intraday bias remains neutral. Further rise is expected as long as 1.6074 support holds. Corrective fall from 1.6786 should have completed at 1.5905. Break of 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6031) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6242; (P) 1.6279; (R1) 1.6333; More…

Intraday bias in EUR/AUD remains neutral as consolidations form 1.6368 is extending. Further rise is expected as long as 1.6074 support holds. Corrective fall from 1.6786 should have completed at 1.5905. Break of 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6031) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6195; (P) 1.6240; (R1) 1.6270; More…

Intraday bias in EUR/AUD remains neutral for consolidations below 1.6368 temporary top. Further rise is expected as long as 1.6074 support holds. Corrective fall from 1.6786 should have completed at 1.5905. Break of 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6031) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

EUR/AUD’s rebound from 1.5905 extended to 1.6368 last week but formed a temporary top there and retreated. Initial bias is neutral this week first. Further rise is expected as long as 1.6074 support holds. Corrective fall from 1.6786 should have completed at 1.5905. Break of 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6031) 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) 1.6235; (P) 1.6293; (R1) 1.6323; More…

With 4 hour MACD crossed below signal line, intraday bias in EUR/AUD is turned neutral first. Further rise is expected as long as 1.6074 minor support holds. Corrective pull back from 1.6786 should have completed at 1.5905. Above 1.6368 will target 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6024) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6289; (P) 1.6329; (R1) 1.6379; More…

Intraday bias in EUR/AUD remains mildly on the upside for the moment. Corrective pull back from 1.6786 should have completed at 1.5905. Further rise should be seen back to 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6024) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6143; (P) 1.6241; (R1) 1.6405; More…

Intraday bias in EUR/AUD remains on the upside at this point. Corrective pull back from 1.6786 should have completed at 1.5905. Further rise should be seen back to 1.6680/6786 resistance zone next. On the downside, however, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6024) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6107; (P) 1.6161; (R1) 1.6202; More…

EUR/AUD’s break of 1.6301/8 suggests resumption of rebound from 1.5905. Also, corrective fall from 1.6786 should have completed with three waves down to 1.5905. Intraday bias is back on the upside for 1.6680/6786 resistance zone next. On the downside, break of 1.6074 support is needed to confirm completion of the rebound. Otherwise, near term outlook will stay cautiously bullish in case of retreat.

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 1.6024) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6107; (P) 1.6161; (R1) 1.6202; More…

Despite dipping to 1.6074, EUR/AUD quickly recovered and intraday bias remains neutral first. On the upside, firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789 and target this resistance again. On the downside, break of 1.6074 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6024) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6132; (P) 1.6176; (R1) 1.6219; More…

Intraday bias in EUR/AUD remains neutral for the moment and further rise is expected with 1.6128 minor support intact. On the upside, firm break of 1.6308 should confirm completion of whole fall from 1.6789 and target this resistance again. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6024) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

EUR/AUD failed to break through 1.6308 support turned resistance and turned into sideway consolidation last week. Initial bias remains neutral this week first. With 1.6128 minor support intact, further rise remains in favor. Firm break of 1.6308 should confirm completion of whole fall from 1.6789 and target this resistance again. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6024) 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) 1.6140; (P) 1.6188; (R1) 1.6232; More…

Intraday bias in EUR/AUD remains neutral first. With 1.6128 minor support intact, further rise is expected. On the upside, firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789. Further rise should then be seen to 1.6680/6876 resistance zone. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6008) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6160; (P) 1.6222; (R1) 1.6275; More…

EUR/AUD is staying in tight range below 1.6301 and intraday bias remains neutral first. With 1.6128 minor support intact, further rise is expected. On the upside, firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789. Further rise should then be seen to 1.6680/6876 resistance zone. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6008) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6162; (P) 1.6202; (R1) 1.6248; More…

Intraday bias in EUR/AUD remains neutral first and further rise is expected with 1.6128 minor support intact. On the upside, firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789. Further rise should then be seen to 1.6680/6876 resistance zone. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6008) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6193; (P) 1.6240; (R1) 1.6278; More…

Intraday bias in EUR/AUD is turned neutral with 4 hour MACD crossed below signal line. Further rise is still expected with 1.6128 minor support intact. On the upside, firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789. Further rise should then be seen to 1.6680/6876 resistance zone. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6008) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

Daily Pivots: (S1) 1.6243; (P) 1.6271; (R1) 1.6318; More…

EUR/AUD’s rebound from 1.5905 is still in progress. Firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789 and target this resistance again. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6008) firmly taken out too. That should indicate medium term topping and target 1.5346 key support next.

EUR/AUD’s rebound from 1.5905 extended higher last week. Initial bias remains on the upside for further rise. Firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789 and target this resistance again. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 key support 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 1.6008) 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.