Daily Pivots: (S1) 1.6324; (P) 1.6365; (R1) 1.6421; More…

No change in EUR/AUD’s outlook. Corrective fall from 1.6786 might extend lower. But downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6340; (P) 1.6375; (R1) 1.6412; More…

EUR/AUD’s corrective fall from 1.6786 might extend lower. But downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, above 1.6594 minor resistance will turn bias back to the upside for retesting 1.6786 resistance first. Break will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6303; (P) 1.6356; (R1) 1.6404; More…

No change in EUR/AUD’s outlook as corrective fall from 1.6786 minor extend lower. Downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

EUR/AUD’s corrective fall from 1.6786 extended lower last week but outlook remains unchanged. While further decline cannot be ruled out this week, downside should be contained by 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will resume larger up trend. However, firm break of 1.6247 will turn focus back to 1.5894 support instead.

In the bigger picture, outlook remains bullish as up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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 1.5346 remains intact.

Daily Pivots: (S1) 1.6328; (P) 1.6422; (R1) 1.6486; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6786 is in progress. In case of deeper fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6417; (P) 1.6506; (R1) 1.6597; More…

EUR?AUD is staying in consolidation from 1.6786 and intraday bias remains neutral first. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6347; (P) 1.6485; (R1) 1.6576; More…

Intraday bias in EUR/AUD remains neutral as consolidation from 1.6786 continues. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6520; (P) 1.6572; (R1) 1.6667; More…

EUR/AUD is staying in consolidation from 1.6786 and intraday bias remains neutral. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6439; (P) 1.6481; (R1) 1.6554; More…

Intraday bias in EUR/AUD remains neutral for consolidation below 1.6786. In case of another fall, downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

EUR/AUD spiked higher to 1.6786 last week but retreated since then. Initial bias is neutral this week for some more consolidations. But downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6786 will extend larger up trend to 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

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.

Daily Pivots: (S1) 1.6374; (P) 1.6491; (R1) 1.6553; More…

EUR/AUD’s pull back from 1.6876 is still in progress and deeper fall cannot be ruled out. Downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside break of 1.6786 will target 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6470; (P) 1.6628; (R1) 1.6725; More…

A temporary top was formed at 1.6786 with today’s retreat. Intraday bias in EUR/AUD is turned neutral for some consolidations first. Downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside break of 1.6786 will target 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6479; (P) 1.6553; (R1) 1.6648; More…

EUR/AUD’s rally resumes after brief consolidation and surges to as high as 1.6786 so far. Break of 1.6765 suggests larger up trend resumption too. Intraday bias is back on the upside and next near term target is 161.8% projection of 1.5683 to 1.6448 from 1.5894 at 1.7132. On the downside,break of 1.6531 minor support will turn intraday bias neutral and bring consolidation, before staging another rally.

In the bigger picture, current development suggests that up trend from 1.1602 (2012 low) is resuming. Strong support from 55 week EMA indicates medium term bullishness. Next upside target is 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488. In any case, break of 1.5894 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.6415; (P) 1.6498; (R1) 1.6662; More…

A temporary top is formed at 1.6626 is EUR/AUD and intraday bias is turned neutral. Some consolidations could be seen but downside should be contained above 1.6247 resistance turned support to bring rise resumption. On the upside, break of 1.6626 will resume rise from 1.5683 to 1.6765 key resistance next.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6264; (P) 1.6328; (R1) 1.6399; More…

EUR/AUD rises to as high as 1.6484 so far today. Break of 1.6448 resistance indicates resumption of whole rise form 1.5683. Intraday bias stays on the upside for 1.6765 key resistance next. On the downside, below 1.6320 minor support will turn intraday bias neutral first. Downside of retreat should be contained by 1.6247 resistance turned support to bring rise resumption.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

EUR/AUD’s rise from 1.5894 extended higher last week. Break of 1.6231 resistance dampened our original bearish view. It suggests that pull back from 1.6448 has completed at 1.5894 already. Initial bias stays on the upside for 1.6448 first. Break will resume the rally from 1.5683 for 1.6765 resistance next. On the downside, below 1.6256 minor support will turn intraday bias neutral first. But further rise will remain mildly in favor as long as 1.6108 support holds.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

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 1.5346 remains intact.

Daily Pivots: (S1) 1.6165; (P) 1.6240; (R1) 1.6372; More…

EUR/AUD’s rebound from 1.5894 resumed by taking out 1.6247 and intraday bias is back on the upside. Current development also confirms completion of pull back from 1.6448 at 1.5894. Further rise should then be seen back to retest 1.6448. On the downside, break of 1.6108 minor support will turn bias back to the downside instead.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6134; (P) 1.6191; (R1) 1.6235; More…

Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.6247 should now confirm completion of fall from 1.6448 at 1.5894. Further rise should then be seen to 1.6448 and above. On the downside, though, below 1.6093 minor support will turn intraday bias back to the downside for 1.5894 and below.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6161; (P) 1.6197; (R1) 1.6266; More…

EUR/AUD breached 1.6231 resistance but retreated quickly. Intraday bias stays neutral first. On the upside, sustained break of 1.6231 will confirm completion of fall from 1.6448 at 1.5894. Further rise should then be seen to 1.6448 and above. On the downside, though, below 1.6093 minor support will turn intraday bias back to the downside for 1.5894 and below.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.

Daily Pivots: (S1) 1.6110; (P) 1.6133; (R1) 1.6173; More…

EUR/AUD’s recovery from 1.5894 might extend higher. But it’s seen as a corrective move. Therefore, upside should be limited below 1.6231 resistance to bring fall resumption. Decline from 1.6448 is seen as the third leg of the consolidation pattern from 1.6765 high. Break of 1.5894 will target 1.5683 support and below. Nevertheless, firm break of 1.6231 will dampen this view and target 1.6448 resistance instead.

In the bigger picture, as long as 1.5346 support holds, medium term outlook will still remain bullish. Up trend from 1.1602 (2012 low) is expected to resume sooner or later. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal and turn outlook bearish.