AUD/USD Daily Report

Daily Pivots: (S1) 0.6319; (P) 0.6349; (R1) 0.6365; More… AUD/USD’s decline resumed by breaking through 0.6336 temporary low and intraday bias is back on the downside. Current fall from 0.6941 should target 0.6269 support next. On the upside, above 0.6382 minor resistance will turn intraday bias neutral and bring consolidations again, before staging another fall. […]

Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. EUR/USD recovered after breaching 1.0667 briefly and intraday bias remains neutral. Outlook stays outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of […]

USD/CHF fell to 0.8728 last week but recovered to close above 0.8741 support. Initial bias remains neutral this week first. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term […]