[m.youssif]

Intraday bias in AUD/USD remains neutral and some more consolidations could be seen below 1.0773 first. Deeper retreat might be seen to 4 hours 55 EMA (now at 1.0627) but downside should be contained above 1.0388 support and bring rally resumption. Above 1.0773 will target 61.8% projection of 0.8315 to 1.0181 from 0.9704 at 1.0857 next.

In the bigger picture, rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. AUD/USD is staying comfortably inside medium term rising channel with daily MACD staying above signal line. Current rise should be target 1.1 psychological level next. On the downside, break of 0.8704 support is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bullish.

[m.youssif]

Intraday bias in AUD/USD remains neutral and some more consolidations could be seen below 1.0773 first. Deeper retreat might be seen to 4 hours 55 EMA (now at 1.0627) but downside should be contained above 1.0388 support and bring rally resumption. Above 1.0773 will target 61.8% projection of 0.8315 to 1.0181 from 0.9704 at 1.0857 next.

In the bigger picture, rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. AUD/USD is staying comfortably inside medium term rising channel with daily MACD staying above signal line. Current rise should be target 1.1 psychological level next. On the downside, break of 0.8704 support is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bullish.