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Daily Pivots: (S1) 0.6496; (P) 0.6526; (R1) 0.6572; More… Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6479 temporary low. Outlook will stay bearish as long as 0.6609 minor resistance holds, and further decline is expected. On the downside, break of 0.6479 will resume the fall from 0.6798 to 0.6361 support first. Firm […]

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23/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. However, break of 1.1046 will […]
16/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6523; (P) 1.6635; (R1) 1.6710; More… No change in EUR/AUD’s outlook as range trading continues. Intraday bias remains neutral and further rise is in favor with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to […]
20/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6417; (P) 1.6506; (R1) 1.6555; More… Immediate focus is now on 1.6474 support in EUR/AUD. Decisive break there will argue that rise from 1.5996 has completed, and dampen the larger bullish view. Intraday bias will be back on the downside for deeper fall towards 1.5996 in this case. Nevertheless, strong rebound from […]