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Daily Pivots: (S1) 1.6621; (P) 1.6674; (R1) 1.6728; More… EUR/AUD is still bounded in range below 1.6800 and intraday bias remains neutral. In case of another dip, strong support is expected from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 to contain downside. On the upside, firm break of 1.6800 will resume the rally from […]

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18/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is […]
14/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6617; (P) 0.6646; (R1) 0.6666; More… Intraday bias in AUD/USD remains neutral for the moment as range trading continues. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained break of 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) will […]
24/11/2024

EUR/USD Weekly Outlook

EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key fibonacci level will carry larger bearish implication and target next level at 161.8% projection of 1.1213 to 1.0760 from 1.0936 […]