Daily Pivots: (S1) 0.6567; (P) 0.6609; (R1) 0.6647; More… Intraday bias in AUD/USD remains neutral for the moment. Some more consolidations could be seen below 0.6674 first. But further rally is expected as long as 0.6521 resistance turned support holds. On the upside, sustained break break of channel resistance (now at 0.6661) will argue that
AUDUSD Outlook
Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… Intraday bias in AUD/USD is turned neutral with current retreat. Some more consolidations could be seen first. But further rally is expected as long as 0.6521 resistance turned support holds. On the upside, sustained break break of channel resistance (now at 0.6663) will argue that whole
Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… AUD/USD’s rally is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 0.6663) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for
Daily Pivots: (S1) 0.6559; (P) 0.6576; (R1) 0.6601; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rally from 0.6269 should extend to channel resistance (now at 0.6665). Sustained break there will pave the way to 0.6894 resistance next. On the downside, below 0.6585 minor support will turn intraday bias neutral
Daily Pivots: (S1) 0.6559; (P) 0.6576; (R1) 0.6601; More… Intraday bias in AUD/USD stays on the upside at this point. Current rise from 0.6269 is in progress for falling channel resistance (now at 0.6665) next. For now, outlook will remain bullish as long as 0.6520 support holds, in case of retreat. In the bigger picture
AUD/USD retreated after surging to 0.6588 last week. But late breach of this resistance indicates that recent rally is resuming. Initial bias is back on the upside this week. Current rise from 0.6269 should target falling channel resistance (now at 0.6670) next. For now, outlook will remain bullish as long as 0.6520 support holds, in
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