Daily Pivots: (S1) 0.6540; (P) 0.6558; (R1) 0.6575; More… AUD/USD is extending the consolidation pattern from 0.6588 and intraday bias remains neutral. Downside of retreat should be contained above 0.6451 support to bring another rally. On the upside, above 0.6588 will resume the rebound from 0.6269 to falling channel resistance (now at 0.6676) next. In
AUDUSD Outlook
Daily Pivots: (S1) 0.6520; (P) 0.6545; (R1) 0.6568; More… Intraday bias in AUD/USD remains neutral for the moment. More consolidations could be seen below 0.6588. But downside should be contained above 0.6451 support to bring another rally. On the upside, above 0.6588 will resume the rebound from 0.6269 to falling channel resistance (now at 0.6676)
Daily Pivots: (S1) 0.6537; (P) 0.6564; (R1) 0.6582; More… A temporary top should be in place at 0.6588 in AUD/USD with current retreat. Intraday bias is turned neutral for consolidations. Downside should be contained above 0.6451 support to bring another rally. On the upside, above 0.6588 will resume the rebound from 0.6269 to falling channel
Daily Pivots: (S1) 0.6517; (P) 0.6541; (R1) 0.6581; More… AUD/USD rises further to 0.6585 so far as rally from 0.6269 continues today. Intraday bias stays on the upside at this point. Current development argues that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should be seen to falling channel
Daily Pivots: (S1) 0.6473; (P) 0.6495; (R1) 0.6536; More… AUD/USD’s rise from 0.6269 resumes today by breaking through 0.6541 resistance. Intraday bias is back on the upside. Current development argues that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should be seen to falling channel resistance (now at 0.6676)
AUD/USD’s rebound from 0.6269 resumed last week and hit 0.6541. But subsequent retreat suggested that a temporary top was formed. Initial bias stays neutral this week for more consolidations. On the upside, break of 0.6541, and sustained trading above 38.2% retracement of 0.6894 to 0.6269 at 0.6508, will argue that whole corrective fall from 0.7156
Daily Pivots: (S1) 0.6448; (P) 0.6485; (R1) 0.6508; More… Intraday bias in AUD/USD remains neutral for consolidations below 0.6541. Downside should be contained by 55 4H EMA (now at 0.6437) to bring rebound. Break of 0.6541, and sustained trading above 38.2% retracement of 0.6894 to 0.6269 at 0.6508, will argue that whole corrective fall from