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Daily Pivots: (S1) 0.6672; (P) 0.6693; (R1) 0.6707; More… AUD/USD’s fall from 0.6798 accelerates lower today and intraday bias stays on the downside for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong support could be seen there to bring rebound, and break of 0.6714 resistance will turn bias back to the upside for retesting […]

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03/08/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.3043 extended to 1.2706 last week but recovered since then. Initial bias remains neutral this week and further fall is in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of 1.2863 will turn […]
12/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6217; (P) 1.6277; (R1) 1.6318; More… EUR/AUD is still bounded in range above 1.6211 and intraday bias stays neutral. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. Further fall should be seen through 1.6127 support. On […]
13/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD is turned neutral first with current recovery. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection next. Nevertheless, break of 1.3000 will extend the correction from 1.3265 to 55 D EMA (now at 1.2962) and possibly […]