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Daily Pivots: (S1) 0.6619; (P) 0.6639; (R1) 0.6676; More… Range trading continues in AUD/USD and intraday bias remains neutral. Further rally remains in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]

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18/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6667; (P) 0.6697; (R1) 0.6732; More… Intraday bias in AUD/USD stays on the upside first, despite some loss of momentum as seen in 4H MACD. Fall from 0.7156 could have completed with three waves down to 0.6269. Further rally should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay […]
22/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.02; (P) 157.38; (R1) 157.78; More… Intraday bias in USD/JPY stays neutral and further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the upside for stronger rebound instead. In the […]
19/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6541; (P) 0.6558; (R1) 0.6591; More… Intraday bias in AUD/USD is turned neutral with current recovery. Some consolidations would be seen first, but outlook will stay bearish as long as 0.6639 support turned resistance holds. Below 0.6524 temporary low ill resume the fall from 0.6870 to 61.8% retracement of 0.6269 to 0.6870 […]