AUDUSD

Today
  • .7916** bull
  • .7861 bull
  • .7820** bull
  • .7805* bull
  • .7782* bull
  • .7679 bear
  • .7655** bear
  • .7639** bear
  • .7598* bear
  • .7554** bear

Negative theme intact

Day trade update and view

A Monday rebound and setback below .7688 support to .7679, to leave negative forces from Friday's plunge lower from .7782, plus from the mid-January push down to .7655 through the up trend lines from mid-December and latter December, to keep risks lower for Tuesday.

Day trade setup

  • We see a downside bias for .7679; a break here aims for  7655 and maybe .7639.
  • But above .7782 opens risk up to .7805 and possibly .7820.

Intermediate-term outlook

The early November push above the key .7244 resistance signalled an intermediate-term shift to bullish.

  • Upside risks: We see an intermediate-term bull trend to aim for .7916, .8000 and .8136.
  • What changes this? Below .7218 sees the intermediate-term bull trend switch to neutral and below .7046 to a bear trend.