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Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below 61.8% retracement of 0.8332 to 0.9223 at 0.8672 will pave the way to retest 0.8332 low. On the upside, above […]

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18/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9135; More…. No change in USD/CHF’s outlook as consolidation from 0.9151 is extending. While deeper pullback cannot be ruled out, further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 0.9243 key resistance next. In the bigger picture, price actions from 0.8332 […]
20/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6572; (P) 1.6626; (R1) 1.6692; More… Intraday bias in EUR/AUD remains on the upside for retesting 1.6742 resistance first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance next. For now, near term outlook will remain cautiously bullish as long as 1.6439 support holds, in case of retreat. […]
25/03/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation in range of 1.6439/6742 last week and outlook is unchanged. Initial bias remains neutral this week first. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 […]