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AUD/USD Daily Outlook
Daily Pivots: (S1) 0.7282; (P) 0.7367; (R1) 0.7409; More... Intraday bias in AUD/USD remains neutral for the moment. Corrective rise from 0.7144 should have completed at 0.7642 already and further fall is expected. Break of 0.7284 should add to the case that larger down trend is resuming and target a test on 0.7144 low first. This bearish case will be the preferred view as long as 0.7642 resistance holds. In the bigger picture, AUD/USD is staying inside long term falling channel and is likely that the down trend from 1.1079 is still in progress. Break of 0.6826 low will confirm this bearish case and target 61.8% ... (full story)