Logo-color Logo-white

AUD/USD edged higher to 0.6689 last week but failed to sustain above channel resistance and retreated. Initial bias remains neutral this week first. Risk stays mildly on the downside as long as 0.6689 resistance holds. Break of 0.6524 will resume the fall from 0.6689 short term top to 55 D EMA (now at 0.6491). In […]

The post AUD/USD Weekly Report appeared first on Action Forex.

previous

USD/CHF Weekly Outlook

next

USD/CAD Weekly Outlook

Read More

08/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8517; (P) 0.8530; (R1) 0.8543; More… EUR/GBP recovered ahead of 0.8512 support, and intraday bias remains neutral. Further decline is expected with 0.8591 resistance intact. On the downside, below 0.8512 will resume the fall from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will turn bias back […]
31/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0820; (P) 1.0838; (R1) 1.0865; More… Intraday bias in EUR/USD stays on the downside at this point. Fall from 1.1138 is in progress to 1.0722 support first. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. However, on the upside, break of 1.0931 will turn […]
17/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.26; (P) 185.72; (R1) 186.45; More… GBP/JPY’s rally from 178.32 resumed by breaking through 186.14 temporary top. Intraday bias is back on the upside for retesting 188.63 high next. On the downside, below 185.79 minor support will turn intraday bias neutral and bring consolidations first. But further rally is expected as long […]