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Daily Pivots: (S1) 0.6669; (P) 0.6701; (R1) 0.6739; More… Intraday bias in AUD/USD remains on the upside for the moment. Rise from 0.6361 has just resumed and should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837 next. For now, near term outlook will stay bullish as long as 0.6619 support holds, in […]

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23/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6658; (P) 0.6676; (R1) 0.6702; More… Further decline is expected in AUD/USD as long as 0.6758 resistance holds. Firm break of 0.6621 support should confirm near term bearish reversal after topping at 0.6941. However, break of 0.6758 will suggest that pullback from 0.6941 has completed and turn bias back to the upside. […]
06/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1084; (P) 1.1102; (R1) 1.1129; More…. Despite edging higher to 1.1153, intraday bias in EUR/USD is turned neutral with subsequent retreat. Corrective pattern from 1.1200 could extend with another leg, and break through 1.1025. But outlook will stay bullish as long as 1.0947 resistance turned support holds. Firm break of 1.1200 will […]
21/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8855; (P) 0.8891; (R1) 0.8949; More…. USD/CHF is staying in consolidation above 0.8825 and intraday bias remains neutral for the moment. Outlook will stay bearish as long as 0.8992 resistance holds. On the downside, break of 0.8825 will resume the fall from 0.9223. Next target is 61.8% retracement of 0.8332 to 0.9223 […]