AUDUSD

Today
  • .7032*** bull
  • .6994/700* bull
  • .6965 bull
  • .6934 bull
  • .6895 bull
  • .6839 bear
  • .6771* bear
  • .6711* bear
  • .6650 bear
  • .6607** bear

Day trade outlook: Bull surge, again 

Another extremely aggressive surge higher Tuesday (as also seen on Monday), now through resistance from February as high as .6879, up to .6895 at time of publication, to build on the late May rebound from above our .6552 support (from .6566), to keep the risk back higher Wednesday. 

  • We see an upside bias for .6895; a break above here maybe aims for .6934 and .6965, then maybe .6994/7000.
  • But below .6839 targets .6771, maybe even towards .6711.

Intermediate-term outlook

The early April push surge above .6214 set an intermediate-term bull trend.

Upside threat: We see an intermediate-term bull trend for .7032.

What changes this? Below .6398 switches the bull trend straight to an intermediate-term bear trend.