AUDUSD

Today
  • .7324* bull
  • .7266/70 bull
  • .7235* bull
  • .7210 bull
  • .7147 bull
  • .7084 bear
  • .7072/60** bear
  • .7012/7000* bear
  • .6959** bear
  • .6920/18** bear

Intermediate-term bear shift through key .7136/32/28 (as flagged)

Day trade update and view

A significant sell-off on Wednesday through the key .7136/32/28 platform support area, to build on this week's plunge lower through various other supports, to shift the intermediate-term bull trend straight to an intermediate-term bear trend, to keep the threat lower for Thursday.

Day trade setup

  • We see a downside bias through .7084 for .7072/60; a break here aims for .7012/00 and maybe towards  .6959
  • But above .7147 opens risk up to .7210 and possibly then quickly to .7235.

Intermediate-term outlook

The push below the key .7136/32/28 platform support area signalled an intermediate-term shift to a bear trend.

  • Downside risks: We see an intermediate-term bear trend to aim for .7012/00, .6829 and .6773.
  • What changes this? Above .7345 shifts the intermediate-term bear trend straight to an intermediate-term bull trend.