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Daily Pivots: (S1) 1.6547; (P) 1.6585; (R1) 1.6608; More… EUR/AUD is extending consolidation from 1.6742 and intraday bias stays neutral. Near term outlook will remain cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance […]

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25/03/2024

USD/CAD Weekly Outlook

Much volatility was seen in USD/CAD last week. But after all, near term outlook remains bullish with 1.3419 support intact. Initial focus is now on 1.3612 resistance. Decisive break there will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. […]
25/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… USD/CHF’s fall from 0.9223 resumed by breaking 0.8819 support. Intraday bias stays on the downside for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923 resistance holds, in case of recovery. In the bigger picture, […]
22/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… USD/JPY’s fall from 149.35 is still in progress despite weak momentum. Intraday bias stays on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 fibonacci level next. For now, risk will stay on the downside as long […]