Logo-color Logo-white

Daily Pivots: (S1) 1.3602; (P) 1.3618; (R1) 1.3641; More… USD/CAD recovered notably today but stays below 1.3689 resistance. Intraday bias stays neutral first. Strong bounce from current level will confirm support by 55 D EMA (now at 1.3628). Break of 1.3689 minor resistance will argue that correction from 1.3845 has completed, and bring stronger rally […]

The post USD/CAD Mid-Day Outlook appeared first on Action Forex.

previous

USD/CAD Daily Outlook

next

AUD/USD Daily Report

Read More

18/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8563; (P) 0.8590; (R1) 0.8613; More… Intraday bias in EUR/GBP remains on the downside for 0.8548 support. Firm break there will argue that larger down trend is ready to resume through 0.8491 low. On the upside, break of 0.8619 resistance is needed to indicate short term bottoming. Otherwise, further fall is in […]
28/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 160.43; (P) 160.63; (R1) 160.98; More… Intraday bias in USD/JPY is turned neutral again with current retreat. Some consolidations could be seen first and deeper pullback cannot be ruled out. But near term outlook will remain bullish as long as 157.70 resistance turned support holds. break of 161.27 will resume larger up […]
12/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6648; (P) 0.6687; (R1) 0.6727; More… AUD/USD is staying in range above 0.6639 and intraday bias remains neutral. On the downside, break of 0.6639 will resume the fall from 0.6870 short term top to 0.6541 support next. On the upside, though, break of 0.6759 minor resistance will suggest that the pull back […]