Daily Pivots: (S1) 0.6352; (P) 0.6438; (R1) 0.6484; More… Intraday bias in AUD/USD remains neutral for the moment. Consolidation from 0.6362 should extend, and another recovery cannot be ruled out. But upside should be limited well below 0.6698 support turned resistance. Break of 0.6362 will resume larger down trend to 100% projection of 0.7660 to
AUDUSD Outlook
AUD/USD’s down trend continued last week and fell to 0.6362, then recovered. Initial bias stays neutral this week first. In case of another recovery, upside should be limited well below 0.6698 support turned resistance. Break of 0.6362 will resume larger down trend to 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. In the
Daily Pivots: (S1) 0.6449; (P) 0.6488; (R1) 0.6540; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6362 continues. Outlook will remain bearish as long as 0.6698 support turned resistance holds. Break of 0.6362 will resume larger down trend. Next target is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. In the
Daily Pivots: (S1) 0.6416; (P) 0.6473; (R1) 0.6583; More… Intraday bias in AUD/USD is turned neutral with current recovery. Some consolidations could be seen first. But outlook will remain bearish as long as 0.6698 support turned resistance holds. Break of 0.6362 will resume larger down trend. Next target is 100% projection of 0.7660 to 0.6680
Daily Pivots: (S1) 0.6395; (P) 0.6454; (R1) 0.6494; More… AUD/USD’s down trend continues today and hits as low as 0.6379 so far. Intraday bias stays on the downside. Next target is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6512 minor resistance will turn intraday bias neutral and bring
Daily Pivots: (S1) 0.6415; (P) 0.6477; (R1) 0.6515; More… Intraday bias in AUD/USD stays on the downside for the moment. Firm break of 0.6461 long term fibonacci level will target 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6573 minor resistance will turn intraday bias neutral and bring consolidations
AUD/USD’s down trend resumed by breaking through 0.6680 low decisively, and hit as low as 0.6510. Initial bias is on the downside this week. Next target is 0.6461 long term fibonacci level. Break there will target 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, above 0.6669 minor resistance will turn