AUD/USD Daily Report

Daily Pivots: (S1) 0.6564; (P) 0.6587; (R1) 0.6608; More… AUD/USD’s consolidation from 0.6524 is extending and intraday bias remains neutral at this point. With 0.6639 support turned resistance intact, further decline is expected. Firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this support. In […]

Daily Pivots: (S1) 1.3349; (P) 1.3396; (R1) 1.3441; More… While USD/CAD continues to lose upside momentum, as seen in 4H MACD, further rally is in favor to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. On the downside, however, break of 1.3339 minor […]

Daily Pivots: (S1) 1.3518; (P) 1.3535; (R1) 1.3560; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Further rise should be seen to retest 1.3605 resistance first. Firm break there will resume whole rally from 1.3176. On the downside, however, break of 1.3458 minor support will turn bias back to the […]