AUD/USD’s steep decline last week suggests that consolidation from 0.6442 has completed at 0.6643 already. Initial bias stays on the downside this week. Firm break of 1.6442 will confirm resumption of the fall from 0.6870 and target 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. On the upside, above 0.6498 resistance will turn
AUDUSD Outlook
Daily Pivots: (S1) 0.6509; (P) 0.6531; (R1) 0.6560; More… Intraday bias in AUD/USD stays mildly on the downside at this point. Decisive break of 0.6480 support will argue that is ready to resume through 0.6442. Next target will be 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. For now, risk will stay mildly
Daily Pivots: (S1) 0.6464; (P) 0.6548; (R1) 0.6596; More… Intraday bias in AUD/USD remains on the downside for the moment. Decisive break of 0.6480 support will argue that is ready to resume through 0.6442. Next target will be 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. For now, risk will stay mildly on
Daily Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; More… AUD/USD’s break of 0.6548 suggests that rebound from 0.6480 has completed at 0.6643. Intraday bias is back on the downside for 0.6480 support. Firm break there will argue that whole fall from 0.6870 is ready to resume through 0.6442 support. For now, risk will stay mildly
Daily Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; More… Intraday bias in AUD/USD remains on the upside at this point. Rise from 0.6480 is seen as the third leg of the pattern from 0.6442. Further rally would be seen to 0.6666 resistance, and then 100% projection of 0.6442 to 0.6666 from 0.6480 at 0.6704. Nevertheless
Daily Pivots: (S1) 0.6573; (P) 0.6592; (R1) 0.6623; More… AUD/USD’s rise from 0.6480 resumed by breaking through 0.6618 resistance and intraday bias is back on the upside. Current development affirms that case pattern from 0.6442 is now in is third leg. Further rise would be seen to 0.6666 and then 100% projection of 0.6442 to
Daily Pivots: (S1) 0.6573; (P) 0.6592; (R1) 0.6623; More…. Intraday bias in AUD/USD remains neutral first. On the upside, break of 0.6618 resistance will affirm the case that rise from 0.6480 is the third leg of the pattern from 0.6442 low. Intraday bias will be back on the upside for 0.6666 resistance, and then 100%