Logo-color Logo-white

Daily Pivots: (S1) 0.6597; (P) 0.6620; (R1) 0.6660; More… Intraday in AUD/USD is back on the downside with breach of 0.6536 support. Fall from 0.6941 is resuming and sustained trading below 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next. For now, outlook will stay bearish as long as 0.6644 resistance […]

The post AUD/USD Daily Report appeared first on Action Forex.

previous

EUR/USD Daily Outlook

next

USD/JPY Daily Outlook

Read More

22/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0793; (P) 1.0833; (R1) 1.0854; More… EUR/USD is still bounded in consolidation above 1.0810 temporary low. Intraday bias remains neutral at this point. Outlook will remain as long as 1.0954 resistance holds. Below 1.0810 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there […]
06/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6523; (P) 0.6573; (R1) 0.6601; More… AUD/USD’s breach of 0.6570 support suggests that a short term top was formed at 0.6689, after rejection by falling channel resistance. Intraday bias is now mildly on the downside for 55 D EMA (now at 0.6488). For now, risk is mildly on the downside as long […]
06/04/2024

USD/CAD Weekly Outlook

USD/CAD’s rise from 1.3176 resumed by breaching 1.3613 resistance last week. Initial bias stays on the upside this week for channel resistance at 1.3665 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish as long as 1.3477 support holds, in case of retreat. In […]