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Daily Pivots: (S1) 1.6363; (P) 1.6396; (R1) 1.6435; More… Intraday bias in EUR/AUD is back on the downside with break of 1.6315 temporary low. Further break of 1.6256 will resume whole decline from 1.7180 to 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058. On the upside, above 1.6428 minor resistance will turn intraday […]

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17/03/2024

USD/CAD Weekly Outlook

USD/CAD’s rebound from 1.3419 extended higher last week and the development suggests that corrective pullback from 1.3605 has completed. Initial bias remains on the upside this week for retesting 1.3605 resistance first. Decisive break there will resume whole rally from 1.3176. On the downside, however, break of 1.3458 minor support will turn bias back to […]
02/12/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8792; (P) 0.8815; (R1) 0.8834; More… Range trading continues in USD/CHF and intraday bias stays neutral. Also, with 0.8800 support intact, further rally remains in favor. On the upside, break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance next. However, firm break of 0.8800 will confirm short […]
16/11/2024

EUR/AUD Weekly Outlook

EURAUD stayed in consolidation above 1.6161 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 […]