AUD Trading Outlook Archive

Medium Term Strategy: Forex Pair of the day AUD/USD – further weakness The pair remains on the downside as it remains capped by the 20 and 50-days moving averages as the RSI stands below its neutrality area. As a consequence, further weakness is expected with a… Read more

AUDUSD Pivot: 0.716 Likely scenario: Short positions below 0.716 with targets @ 0.7075 & 0.704 in extension. Alternative scenario: Above 0.716 look for further upside with 0.7205 & 0.725 as targets. Comment: As long as the resistance at 0.716 is not surpassed, the risk of… Read more

AUDUSD Pivot: 0.7175 Likely scenario: Short positions below 0.7175 with targets @ 0.7095 & 0.7065 in extension. Alternative scenario: Above 0.7175 look for further upside with 0.7205 & 0.725 as targets. Comment: The RSI lacks upward momentum.

AUDUSD Pivot: 0.719 Likely scenario: Short positions below 0.719 with targets @ 0.709 & 0.704 in extension. Alternative scenario: Above 0.719 look for further upside with 0.725 & 0.7285 as targets. Comment: As long as 0.719 is resistance, look for choppy price action with a… Read more

AUDUSD Pivot: 0.7155 Likely scenario: Long positions above 0.7155 with targets @ 0.728 & 0.732 in extension. Alternative scenario: Below 0.7155 look for further downside with 0.711 & 0.704 as targets. Comment: The RSI is mixed to bullish.

AUDUSD Pivot: 0.728 Likely scenario: Short positions below 0.728 with targets @ 0.72 & 0.7175 in extension. Alternative scenario: Above 0.728 look for further upside with 0.732 & 0.736 as targets. Comment: The RSI has broken down its 30 level.

Intraday Technical Strategy AUD/USD Intraday: the upside prevails. Pivot 0.7280 Our preference Long positions above 0.728 with targets @ 0.736 & 0.739 in extension. Alternative scenario Below 0.728 look for further downside with 0.7255 & 0.723 as targets. Comment The RSI is mixed to bullish.

AUDUSD Pivot: 0.734 Likely scenarios: Short positions below 0.734 with targets @ 0.728 & 0.7255 in extension. Alternative scenario: Above 0.734 look for further upside with 0.736 & 0.739 as targets. Comment: As long as 0.734 is resistance, look for choppy price action with a… Read more

Intraday Technical Strategy AUD/USD Intraday: under pressure. Pivot 0.7360 Our preference Short positions below 0.736 with targets @ 0.728 & 0.7255 in extension. Alternative scenario Above 0.736 look for further upside with 0.739 & 0.741 as targets. Comment The RSI is bearish and calls for… Read more

AUDUSD Pivot: 0.731 Likely scenario: Long positions above 0.731 with targets @ 0.739 & 0.741 in extension. Alternative scenario: Below 0.731 look for further downside with 0.728 & 0.7255 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more