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Daily Pivots: (S1) 0.6751; (P) 0.6777; (R1) 0.6830; More… Intraday bias in AUD/USD stays on the upside for the moment. Current rise from 0.6269 should target 0.6894 resistance first. Sustained break there will target 0.7156 next. On the downside, below 0.6723 minor support will turn intraday bias neutral first. But outlook will remain bullish as […]

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29/11/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3547; (P) 1.3585; (R1) 1.3610; More… USD/CAD’s decline extends today and the break of 38.2% retracement of 1.3091 to 1.3897 at 1.3589 indicates deeper correction is underway. Intraday bias remains on the downside. Next target is 161.8% projection of 1.3897 to 1.3627 from 1.3853 at 1.3416. On the upside, above 1.3627 support […]
07/01/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound from 153.15 resumed by breaking through 158.55 last week. Initial bias stays on the upside this week for further rally to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, risk will stay mildly on the upside as long as 155.06 support holds, in case of retreat. In the bigger […]
31/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6359; (P) 1.6418; (R1) 1.6486; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.6512 minor resistance will argue that pull back from 1.6671 has completed, and revive near term bullishness. Intraday bias will be back on the upside for 1.6671 resistance. On the downside, break […]