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Daily Pivots: (S1) 0.6527; (P) 0.6540; (R1) 0.6553; More… No change in AUD/USD’s outlook as consolidation from 0.6442 is extending. Intraday bias remains neutral for the moment. Stronger recovery cannot be ruled out, but outlook will remain bearish as long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 towards 0.6269 […]

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22/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3477; (P) 1.3510; (R1) 1.3563; More… Intraday bias in USD/CAD remains neutral as range trading continues inside 1.3419/3612. On the upside, break of 1.3612 will confirm resumption of the rebound from 1.3176. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]
09/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8575; (P) 0.8580; (R1) 0.8587; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]
21/06/2024

USDJPY Wave Analysis

USDJPY broke strong resistance level 157.65 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke above the strong resistance level 157.65 (which has been steadily reversing the price from the end of April, as you can see below). The breakout of the resistance level 157.65 continues the clear uptrend that can be […]