AUD/USD Daily Report

Daily Pivots: (S1) 0.6586; (P) 0.6619; (R1) 0.6641; More… While AUD/USD’s retreat from 0.6713 extends lower, it’s staying above 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579. Intraday bias remains neutral for the moment, and further rally is in favor. As noted before, fall from 0.6870 has probably completed with three waves […]

Daily Pivots: (S1) 1.2619; (P) 1.2646; (R1) 1.2671; More… Intraday bias in GBP/USD remains mildly on the downside for the moment. Sustained break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. For now, risk will stay on the downside as long as 1.2739 resistance […]

Daily Pivots: (S1) 1.6295; (P) 1.6324; (R1) 1.6357; More… No change in EUR/AUD’s outlook and intraday bias stays neutral. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]