Daily Pivots: (S1) 1.5766; (P) 1.5819; (R1) 1.5882; More….

Intraday bias in EUR/AUD remains neutral at this point. With 1.5696 minor support intact, further rise is in favor. Above 1.5886 will target 1.6139/89 resistance zone. However, as the rebound from 1.5271 is not clearly impulsive yet and momentum isn’t too convincing. Break of 1.5695 minor support could be an early sign of near term topping. In such case, focus will be back on 1.5425 support.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5725; (P) 1.5808; (R1) 1.5868; More….

EUR/AUD recovers strongly today but stays below 1.5886 resistance. Intraday bias remains neutral for the moment. Outlook is unchanged that another rise is in favor with 1.5696 minor support intact. Above 1.5886 will target 1.6139/89 resistance zone. However, as the rebound from 1.5271 is not clearly impulsive yet and momentum isn’t too convincing. Break of 1.5695 minor support could be an early sign of near term topping. In such case, focus will be back on 1.5425 support..

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5725; (P) 1.5808; (R1) 1.5868; More….

Intraday bias in EUR/AUD remains neutral for the moment. Another rise is in favor with 1.5696 minor support holds. Above 1.5886 will target 1.6139/89 resistance zone. However, as the rebound from 1.5271 is not clearly impulsive yet and momentum isn’t too convincing. Break of 1.5695 minor support could be an early sign of near term topping. In such case, focus will be back on 1.5425 support.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5780; (P) 1.5826; (R1) 1.5903; More….

EUR/AUD retreats sharply after hitting 1.5886 and intraday bias is turned neutral again. As long as 1.5696 minor support holds further rise is still in favor. Above 1.5886 will target 1.6139/89 resistance zone. However, as the rebound from 1.5271 is not clearly impulsive yet and momentum isn’t too convincing. Break of 1.5695 minor support could be an early sign of near term topping. In such case, focus will be back on 1.5425 support.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5780; (P) 1.5826; (R1) 1.5903; More….

EUR/AUD’s rally continues today and reaches as high as 1.5886 so far. Intraday bias is now on the upside as rise from 1.5271 should target a test on 1.6139/89 resistance zone. However, as the rebound from 1.5271 is not clearly impulsive yet and momentum isn’t too convincing. Break of 1.5695 minor support could be an early sign of near term topping. In such case, focus will be back on 1.5425 support.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

EUR/AUD rose further to 1.5823 last week before forming a temporary top there and turned sideway. Initial bias is neutral this week first. Further rally is expected as long as 1.5617 minor support holds. Above 1.5823 will target a test on 1.6139/89 resistance zone. However, below 1.5617 will turn bias to the downside for 1.5425 support first.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3624 key support should indicate long term reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.5700; (P) 1.5745; (R1) 1.5776; More….

Intraday bias in EUR/AUD remains neutral for consolidation below 1.5823 temporary top. Another rise is in favor as long as 1.5617 minor support holds. Break of 1.5823 will extend the rebound from 1.5271 towards 1.6139 high. However, break of 1.5617 will turn bias to the downside for 1.5425 minor support first.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And rise medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5682; (P) 1.5755; (R1) 1.5813; More….

A temporary top is formed again at 1.5823 and intraday bias is turned neutral. Another rise is expected as long as 1.5617 holds. Above 1.5823 will extend the rebound from 1.5271 towards 1.6139 high. However, break of 1.5617 will turn bias to the downside for 1.5425 minor support first.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And rise medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5725; (P) 1.5775; (R1) 1.5809; More….

Intraday bias in EUR/AUD remains on the upside. Current rise from 1.5271 is target a test on 1.6189 high. On the downside, break of 1.5617 support is needed to indicate completion of the rise from 1.5271. Otherwise, outlook will now remain cautiously bullish in case of retreat.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And rise medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5687; (P) 1.5754; (R1) 1.5853; More….

EUR/AUD’s rebound from 1.5271 extends further to as high as 1.5822 so far. The break of 1.5773 carries larger bullish implications. Intraday bias stays on the upside for 1.6189 high next. On the downside, break of 1.5617 support is needed to indicate completion of the rise from 1.5271. Otherwise, outlook will now remain cautiously bullish in case of retreat.

In the bigger picture, current development suggests that fall from 1.6189 is a corrective move and has completed at 1.5217 already. Key support levels of 1.5153 and 38.2% retracement of 1.3624 to 1.6189 at 1.5209 were defended. And rise medium term rise from 1.3624 (2017 low) is not completed yet. Break of 1.6189 will target 1.6587 key resistance (2015 high).

Daily Pivots: (S1) 1.5628; (P) 1.5692; (R1) 1.5731; More….

Intraday bias in EUR/AUD remains neutral at this point. On the upside, sustained break of 1.5773 will indicate that whole decline from 1.6189 has completed with three waves down to 1.5271 already. And retest of 1.6189 should be seen next. On the downside, break of 1.5617 minor support will turn bias to the downside for 1.5425. Break there will confirm completion of rebound from 1.5271 and target this low again.

In the bigger picture, focus is back on 1.5773 support turned resistance with the current strong rebound. Firm break there will argue that medium term rise from 1.3624 (2017 low) is not completed yet. Further break of 1.6189 will target 1.6587 key resistance (2015 high). Though, rejection by 1.5773 will revive the case of bearish trend reversal and target 61.8% retracement of 1.3624 to 1.6189 at 1.4604.

EUR/AUD’s rebound from 1.5271 extended higher last week but lost momentum ahead of 1.5773 key support turned resistance. Initial bias stays neutral this week first. Sustained break of 1.5773 will indicate that whole decline from 1.6189 has completed with three waves down to 1.5271 already. And retest of 1.6189 should be seen next. On the downside, break of 1.5617 minor support will turn bias to the downside for 1.5425. Break there will confirm completion of rebound from 1.5271 and target this low again.

In the bigger picture, focus is back on 1.5773 support turned resistance with the current strong rebound. Firm break there will argue that medium term rise from 1.3624 (2017 low) is not completed yet. Further break of 1.6189 will target 1.6587 key resistance (2015 high). Though, rejection by 1.5773 will revive the case of bearish trend reversal and target 61.8% retracement of 1.3624 to 1.6189 at 1.4604.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3624 key support should indicate long term reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.5657; (P) 1.5702; (R1) 1.5771; More….

Focus is back on 1.5773 support turned resistance in EUR/AUD, with today’s rise. Sustained break of 1.5773 will indicate that whole decline from 1.6189 has completed with three waves down to 1.5271 already. And retest of 1.6189 should be seen next. On the downside, break of 1.5617 minor support will turn bias to the downside for 1.5425. Break there will confirm completion of rebound from 1.5271 and target this low again.

In the bigger picture, focus is back on 1.5773 support turned resistance with the current strong rebound. Firm break there will argue that medium term rise from 1.3624 (2017 low) is not completed yet. Further break of 1.6189 will target 1.6587 key resistance (2015 high). Though, rejection by 1.5773 will revive the case of bearish trend reversal and target 61.8% retracement of 1.3624 to 1.6189 at 1.4604.

Daily Pivots: (S1) 1.5644; (P) 1.5684; (R1) 1.5750; More….

Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.5601 minor support will turn bias to the downside for 1.5425. Break there will confirm completion of rebound from 1.5271 and target this low again. Meanwhile, sustained break of 1.5773 will indicate that whole decline from 1.6189 has completed with three waves down to 1.5271 already. And retest of 1.6189 should be seen next.

In the bigger picture, focus is back on 1.5773 support turned resistance with the current strong rebound. Firm break there will argue that medium term rise from 1.3624 (2017 low) is not completed yet. Further break of 1.6189 will target 1.6587 key resistance (2015 high). Though, rejection by 1.5773 will revive the case of bearish trend reversal and target 61.8% retracement of 1.3624 to 1.6189 at 1.4604.

Daily Pivots: (S1) 1.5635; (P) 1.5695; (R1) 1.5759; More….

EUR/AUD’s rebound stalled at 1.5750, below 1.5773 key support turned resistance. Intraday bias is turned neutral first. ON the downside, break of 1.5601 minor support will turn bias to the downside for 1.5425. Break there will confirm completion of rebound from 1.5271 and target this low again. Meanwhile, sustained break of 1.5773 will indicate that whole decline from 1.6189 has completed with three waves down to 1.5271 already. And retest of 1.6189 should be seen next.

In the bigger picture, focus is back on 1.5773 support turned resistance with the current strong rebound. Firm break there will argue that medium term rise from 1.3624 (2017 low) is not completed yet. Further break of 1.6189 will target 1.6587 key resistance (2015 high). Though, rejection by 1.5773 will revive the case of bearish trend reversal and target 61.8% retracement of 1.3624 to 1.6189 at 1.4604.

Daily Pivots: (S1) 1.5576; (P) 1.5623; (R1) 1.5702; More….

EUR/AUD’s break of 1.5690 minor resistance suggests that rebound from 1.5271 has resumed. Current upside acceleration suggest that the decline from 1.6189 has possibly completed with three waves down to 1.5271 already. Intraday bias is now on the upside with focus on 1.5773 support turned resistance. Break will bring retest of 1.6189 high. On the downside, below 1.5601 minor support will turn intraday bias neutral instead.

In the bigger picture, focus is back on 1.5773 support turned resistance with the current strong rebound. Firm break there will argue that medium term rise from 1.3624 (2017 low) is not completed yet. Further break of 1.6189 will target 1.6587 key resistance (2015 high). Though, rejection by 1.5773 will revive the case of bearish trend reversal and target 61.8% retracement of 1.3624 to 1.6189 at 1.4604.

Daily Pivots: (S1) 1.5496; (P) 1.5551; (R1) 1.5652; More….

Intraday bias in EUR/AUD remains neutral at this point. For now, in case of another rise, we’d expect strong resistance below 1.5773 support turned resistance to bring fall resumption. Below 1.5425 will bring retest of 1.5271 low first. Break will resume the fall from 1.6189 and target 1.5153 key support next.

In the bigger picture, rally from 1.3624 (2017 low) should have completed at 1.6189 already, ahead of 1.6587 key resistance (2015 high). 1.6189 is seen as a medium term top. Deeper fall would be seen to 38.2% retracement of 1.3624 to 1.6189 at 1.5209 first. Decisive break there will pave the way to 61.8% retracement at 1.4604. In that case, we’ll look for bottoming again below 1.4604. On the upside, firm break of 1.5773 support turned resistance is needed to indicate completion of the fall from 1.6189. Otherwise, further decline is expected in medium term, even in case of strong rebound.

EUR/AUD stayed in corrective trading last week, rebounding to 1.5690, followed by steep decline to 1.5425. Initial bias is neutral this week first. For now, in case of another rise, we’d expect strong resistance below 1.5773 support turned resistance to bring fall resumption. Below 1.5425 will bring retest of 1.5271 low first. Break will resume the fall from 1.6189 and target 1.5153 key support next.

In the bigger picture, rally from 1.3624 (2017 low) should have completed at 1.6189 already, ahead of 1.6587 key resistance (2015 high). 1.6189 is seen as a medium term top. Deeper fall would be seen to 38.2% retracement of 1.3624 to 1.6189 at 1.5209 first. Decisive break there will pave the way to 61.8% retracement at 1.4604. In that case, we’ll look for bottoming again below 1.4604. On the upside, firm break of 1.5773 support turned resistance is needed to indicate completion of the fall from 1.6189. Otherwise, further decline is expected in medium term, even in case of strong rebound.

In the longer term picture, the rise from 1.1602 long term bottom (2012 low) isn’t over yet. We’ll keep monitoring the development but there is prospect of extending the rise to 61.8% retracement of 2.1127 to 1.1602 at 1.7488 and above. However, sustained trading below 1.3624 key support should indicate long term reversal and target 1.1602 long term bottom again.

Daily Pivots: (S1) 1.5367; (P) 1.5532; (R1) 1.5635; More….

As noted before, the corrective rebound from 1.5271 should have completed at 1.5690 already. Deeper fall is expected in EUR/AUD to retest 1.5271 first. Break will resume whole decline from 1.6189 to 1.5153 key support. In case of another rise, we’d continue to expect strong resistance from 1.5773 support turned resistance to limit upside.

In the bigger picture, rally from 1.3624 (2017 low) should have completed at 1.6189 already, ahead of 1.6587 key resistance (2015 high). 1.6189 is seen as a medium term top. Deeper fall would be seen to 38.2% retracement of 1.3624 to 1.6189 at 1.5209 first. Decisive break there will pave the way to 61.8% retracement at 1.4604. In that case, we’ll look for bottoming again below 1.4604. On the upside, firm break of 1.5773 support turned resistance is needed to indicate completion of the fall from 1.6189. Otherwise, further decline is expected in medium term, even in case of strong rebound.

Daily Pivots: (S1) 1.5500; (P) 1.5547; (R1) 1.5606; More….

Despite jumping to 1.5690, subsequent sharp fall and break of 1.5487 minor support argues that rebound from 1.5271 has completed already, ahead of 1.5773 support turned resistance as expected. EUR/AUD was limited limited by 55 day EMA. Intraday bias is turned back to the downside for 1.5271 low first. Break there will resume whole fall from 1.6189 to 1.5153 key support next.

In the bigger picture, rally from 1.3624 (2017 low) should have completed at 1.6189 already, ahead of 1.6587 key resistance (2015 high). 1.6189 is seen as a medium term top. Deeper fall would be seen to 38.2% retracement of 1.3624 to 1.6189 at 1.5209 first. Decisive break there will pave the way to 61.8% retracement at 1.4604. In that case, we’ll look for bottoming again below 1.4604. On the upside, firm break of 1.5773 support turned resistance is needed to indicate completion of the fall from 1.6189. Otherwise, further decline is expected in medium term, even in case of strong rebound.