Daily Pivots: (S1) 0.7068; (P) 0.7089; (R1) 0.7121; More… AUD/USD’s rebound from 0.6828 resumed after brief retreat. Intraday bias is back on the upside for 55 day EMA (now at 0.7173). Break there will target 0.7265 resistance next. On the downside, though, break of 0.7034 minor support will turn bias back to the downside for…
AUDUSD Outlook
Daily Pivots: (S1) 0.7043; (P) 0.7081; (R1) 0.7126; More… Intraday bias in AUD/USD is turned neutral first. On the upside, above 0.7126 will extend the rebound from 0.6828 to 55 day EMA (now at 0.7175). Break there will target 0.7265 resistance next. On the downside, though, break of 0.6948 will resume larger fall from 0.8006…
Daily Pivots: (S1) 0.7072; (P) 0.7093; (R1) 0.7128; More… Further rise is expected in AUD/USD with 0.6948 minor support intact. Rebound from 0.6828 short term bottom would target 55 day EMA (now at 0.7179). Break there will target 0.7265 resistance next. On the downside, though, break of 0.6948 will resume larger fall from 0.8006 through…
Daily Pivots: (S1) 0.7060; (P) 0.7093; (R1) 0.7143; More… Intraday bias in AUD/USD stays mildly on the upside for the moment. Rebound from 0.6828 short term bottom would target 55 day EMA (now at 0.7180). Break there will target 0.7265 resistance next. On the downside, though, break of 0.6948 will resume larger fall from 0.8006…
Daily Pivots: (S1) 0.7004; (P) 0.7039; (R1) 0.7075; More… Intraday bias in AUD/USD remains on the upside at this point. Rebound from 0.6828 short term bottom is on track to 55 day EMA (now at 0.7183). Break there will target 0.7265 resistance next. On the downside, though, break of 0.6948 will resume larger fall from…
AUD/USD’s rebound last week argues that a short term bottom was formed at 0.6828, on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for 55 day EMA (now at 0.7187). On the downside, though, break of 0.6948 will resume larger fall from 0.8006 through 0.6828 low, and…
Daily Pivots: (S1) 0.6976; (P) 0.7024; (R1) 0.7097; More… Intraday bias in AUD/USD is mildly on the upside at this point. Rebound from 0.6828 short term bottom would target 55 day EMA (now at 0.7187). On the downside, below 0.6948 minor support will bring retest of 0.6828 support first. Firm break there will resume larger…