Daily Pivots: (S1) 0.6525; (P) 0.6546; (R1) 0.6561; More… Intraday bias in AUD/USD stays neutral at this point. While recovery from 0.6442 could extend higher, outlook will remain bearish as long as 0.6621 resistance holds. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442. Nevertheless, considering bullish convergence
AUDUSD Outlook
Daily Pivots: (S1) 0.6549; (P) 0.6565; (R1) 0.6580; More… Intraday bias in AUD/USD remains neutral for the moment and outlook is unchanged. Recovery from 0.6442 could extend higher, but outlook will remain bearish as long as 0.6621 resistance holds. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442.
AUD/USD’s recovery from 0.6442 continued last week but upside was capped well below 0.6621 resistance so far. Initial bias remains neutral this week first and outlook stays bearish. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442. Nevertheless, considering bullish convergence condition in 4H MACD, decisive break of
Daily Pivots: (S1) 0.6533; (P) 0.6564; (R1) 0.6588; More… AUD/USD’s recovery resumed by breaching 0.6578 but upside is capped below 0.6621 resistance. Intraday bias stays neutral for the moment, and larger fall is still in favor to continue. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442 first.
Daily Pivots: (S1) 0.6532; (P) 0.6553; (R1) 0.6572; More… Intraday bias in AUD/USD remains neutral for the moment, and further decline is in favor with 0.6621 resistance intact. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442 first. Firm break there will resume the the decline from 0.6870
Daily Pivots: (S1) 0.6521; (P) 0.6550; (R1) 0.6578; More… AUD/USD’s recovery from 0.6442 extends higher, but upside is still capped well below 0.6621 resistance. Intraday bias remains neutral and further decline is in favor. Below 0.6520 minor support will turn bias to the downside for retesting 0.6442 first. Firm break there will resume the the
Daily Pivots: (S1) 0.6527; (P) 0.6540; (R1) 0.6553; More… No change in AUD/USD’s outlook as consolidation from 0.6442 is extending. Intraday bias remains neutral for the moment. Stronger recovery cannot be ruled out, but outlook will remain bearish as long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 towards 0.6269