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EUR/USD’s rebound from 1.0176 short term bottom accelerated higher last week and there is no sign of topping yet. Initial bias stays on the upside this week for 38.2% retracement of 1.1213 to 1.0176 at 1.0572 sustained break of 1.0572 will raise the chance of bullish reversal, and target 61.8% retracement at 1.0817. On the […]

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07/07/2024

AUD/USD Weekly Report

AUD/USD’s rally from 0.6361 resumed by breaking through 0.6713 resistance last week. Initial bias stays on the upside this week. Next target is 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. On the downside, below 0.6699 minor support will turn intraday bias neutral first. But, near term outlook will stay bullish as long […]
09/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6502; (P) 1.6566; (R1) 1.6682; More… Intraday bias in EUR/AUD remains on the upside for the moment. Corrective pullback from 1.7180 could have completed at 1.6256 already. Further rise should be seen to retest 1.7180 high next. On the downside, however, break of 1.6413 support will turn bias back to the downside […]
06/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6627; (P) 0.6646; (R1) 0.6666; More…. Range trading continues in AUD/USD and intraday bias remains neutral at this point. As long as 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) holds, further rally remains in favor. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 […]