AUD Trading Outlook Archive

AUD/USD Intraday: the upside prevails. Pivot: 0.7065 Our preference: Long positions above 0.7065 with targets @ 0.716 & 0.72 in extension. Alternative scenario: Below 0.7065 look for further downside with 0.7015 & 0.6975 as targets. Comment: Technically the RSI is above its neutrality area at… Read more

Medium Term Strategy: Forex Pair of the day AUD/USD – still under pressure The pair has posted a rebound but stands below the strong horizontal resistance at 0.76. Moreover, the daily RSI has reversed down below its overbought area. As a consequence, further weakness is… Read more

Intraday Technical Strategy AUD/USD Intraday: the downside prevails. Pivot 0.7160 Our preference Short positions below 0.716 with targets @ 0.7065 & 0.705 in extension. Alternative scenario Above 0.716 look for further upside with 0.7206 & 0.723 as targets. Comment The RSI is bearish and calls… Read more

Intraday Technical Strategy AUD/USD Intraday: the upside prevails. Pivot 0.7235 Our preference Long positions above 0.7235 with targets @ 0.7305 & 0.7345 in extension. Alternative scenario Below 0.7235 look for further downside with 0.7195 & 0.716 as targets. Comment The RSI lacks downward momentum.

AUDUSD Pivot: 0.7195 Likely scenario: Long positions above 0.7195 with targets @ 0.7275 & 0.7305 in extension. Alternative scenario: Below 0.7195 look for further downside with 0.716 & 0.713 as targets. Comment: The RSI is supported by a rising trend line.

Intraday Technical Strategy AUD/USD Intraday: the downside prevails. Pivot 0.7275 Our preference Short positions below 0.7275 with targets @ 0.72 & 0.716 in extension. Alternative scenario Above 0.7275 look for further upside with 0.7305 & 0.7345 as targets. Comment The RSI is mixed to bearish.

AUDUSD Pivot: 0.7305 Likely scenario: Short positions below 0.7305 with targets @ 0.724 & 0.7225 in extension. Alternative scenario: Above 0.7305 look for further upside with 0.7345 & 0.738 as targets. Comment: A break below 0.724 would trigger a drop towards 0.7225.

Medium Term Strategy: Forex Pair of the day AUD/USD – under pressure The pair is posting a rebound but stands below the strong horizontal resistance at 0.76. Moreover, the daily RSI is reversing down below its overbought area. As a consequence, further weakness is expected… Read more

AUDUSD Pivot: 0.7305 Likely scenario: Short positions below 0.7305 with targets @ 0.724 & 0.7225 in extension. Alternative scenario: Above 0.7305 look for further upside with 0.7345 & 0.738 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its… Read more

Intraday Technical Strategy AUD/USD Intraday: key resistance at 0.7305. Pivot 0.7305 Our preference Short positions below 0.7305 with targets @ 0.724 & 0.7225 in extension. Alternative scenario Above 0.7305 look for further upside with 0.7345 & 0.738 as targets. Comment As long as the resistance… Read more