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Daily Pivots: (S1) 1.3485; (P) 1.3495; (R1) 1.3505; More… Intraday bias in USD/CAD remains neutral at this point. Some more consolidations would be seen above 1.3439, and stronger recovery cannot be ruled out. But further decline is expected as long as 1.3617 resistance holds. Break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 […]

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13/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6555; (P) 1.6589; (R1) 1.6635; More… EUR/AUD is staying in sideway trading in tight range and intraday bias stays neutral. Outlook will remain bullish 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 1.7715 […]
07/09/2024

EUR/AUD Weekly Outlook

EUR/AUD’s strong rebound and break of 1.6580 resistance last week suggests that corrective pullback from 1.7180 has completed at 1.6256 already. Initial bias is back on the upside for retesting 1.7180 resistance next. On the downside, below 1.6413 support will turn bias back to the downside for 1.6256 again. In the bigger picture, outlook is […]
17/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6143; (P) 1.6181; (R1) 1.6212; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Some consolidations could be seen above 1.6148. But outlook will stay bearish as long as 1.6418 resistance holds. Firm break of 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129 will pave the way […]