Daily Pivots: (S1) 0.6479; (P) 0.6505; (R1) 0.6523; More… Intraday bias in AUD/USD is turned neutral with a temporary low formed at 0.6486. Outlook is unchanged that recovery from 0.6442 has completed at 0.6594. Risk will stay on the downside as long as this resistance holds. Below 0.6486 will bring retest of 0.6442 support first.
AUDUSD Outlook
Daily Pivots: (S1) 0.6473; (P) 0.6512; (R1) 0.6534; More… Intraday bias AUD/USD remains mildly on the downside for retesting 0.6442 support first. Firm break there will resume whole decline from 0.6870, and target 61.8% projection of 0.6870 to 0.6442 from 0.6594 at 0.6329 next. On the upside, above 0.6524 minor resistance will turn intraday bias
Daily Pivots: (S1) 0.6527; (P) 0.6542; (R1) 0.6560; More… AUD/USD’s break of 0.6520 minor support suggests that corrective rebound from 0.6442 haws completed at 0.6594 already, after rejection by 55 D EMA. Intraday bias is back on the downside for retesting 0.6442 low first. Firm break there will resume whole decline from 0.6870, and target
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
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.