AUD Trading Outlook Archive

AUDUSD Pivot: 0.709 Likely scenario: Short positions below 0.709 with targets @ 0.701 & 0.6985 in extension. Alternative scenario: Above 0.709 look for further upside with 0.7115 & 0.716 as targets. Comment: The RSI is bearish and calls for further decline.

Intraday Technical Strategy AUD/USD Intraday: under pressure. Pivot 0.7160 Our preference Short positions below 0.716 with targets @ 0.703 & 0.701 in extension. Alternative scenario Above 0.716 look for further upside with 0.718 & 0.721 as targets. Comment The RSI is badly directed.

AUDUSD Pivot: 0.718 Likely scenario: Short positions below 0.718 with targets @ 0.7105 & 0.708 in extension. Alternative scenario: Above 0.718 look for further upside with 0.721 & 0.723 as targets. Comment: As long as 0.718 is resistance, likely decline to 0.7105.

AUDUSD Pivot: 0.72 Likely scenario: Short positions below 0.72 with targets @ 0.714 & 0.712 in extension. Alternative scenario: Above 0.72 look for further upside with 0.723 & 0.7275 as targets. Comment: The RSI is bearish and calls for further downside.

Intraday Technical Strategy AUD/USD Intraday: key resistance at 0.723. Pivot 0.7230 Our preference Short positions below 0.723 with targets @ 0.716 & 0.714 in extension. Alternative scenario Above 0.723 look for further upside with 0.7275 & 0.73 as targets. Comment The RSI is well directed.

AUDUSD Pivot: 0.714 Likely scenario: Long positions above 0.714 with targets @ 0.721 & 0.7235 in extension. Alternative scenario: Below 0.714 look for further downside with 0.711 & 0.708 as targets. Comment: The RSI is mixed to bullish.

Medium Term Strategy: Forex Pair of the day AUD/NZD – target at 1.176 The pair has broken above a Descending Triangle: a bullish continuation pattern calling for a rise towards 1.176. The pattern started at July top at 1.143 and its upper boundary has been tested… Read more

AUDUSD Pivot: 0.714 Likely scenario: Long positions above 0.714 with targets @ 0.7225 & 0.7265 in extension. Alternative scenario: Below 0.714 look for further downside with 0.7085 & 0.704 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

Intraday Technical Strategy AUD/USD Intraday: further upside. Pivot 0.7140 Our preference Long positions above 0.714 with targets @ 0.7225 & 0.7265 in extension. Alternative scenario Below 0.714 look for further downside with 0.7085 & 0.704 as targets. Comment The immediate trend remains up and the… Read more

AUDUSD Pivot: 0.7085 Likely scenario: Long positions above 0.7085 with targets @ 0.7165 & 0.719 in extension. Alternative scenario: Below 0.7085 look for further downside with 0.704 & 0.7015 as targets. Comment: The RSI is mixed to bullish.