AUD/USD Daily Report

USD/JPY’s rise from 140.25 extended to as high as 148.79 last week, then retreated mildly. Initial bias remains neutral this week for some consolidations first. Current development argues that whole pull back from 151.89 has already completed. Further rise is in favor as long as 145.97 resistance turned support holds. Above 148.79 will target 151.89/93 […]

Daily Pivots: (S1) 0.6528; (P) 0.6548; (R1) 0.6568; More… Intraday bias in AUD/USD remains neutral for consolidations above 0.6513 temporary low. Further decline is expected as long as 55 4H EMA (now at 0.6623) holds. On the downside, sustained break of 61.8% retracement of 0.6361 to 0.6798 at 0.6528 will resume the fall from 0.6798 […]

Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8667; More… Intraday bias in USD/CHF is back on the upside with break of 0.8668 temporary top. Rise from 0.8374 is resuming for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed at 0.8374, after defending 0.8332 low. […]