Logo-color Logo-white

Daily Pivots: (S1) 0.6586; (P) 0.6639; (R1) 0.6672; More… AUD/USD dips notably today but stays above 0.6570 support so far. Intraday bias remains neutral first. On the upside, sustained break of channel resistance (now at 0.6651) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then […]

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

previous

USD/CHF Mid-Day Outlook

next

EUR/USD Daily Outlook

Read More

16/04/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3744; (P) 1.3769; (R1) 1.3814; More… USD/CAD’s rally from 1.3176 is in progress and intraday bias remains on the upside. Decisive break of 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841 will pave the way to 138.2% projection at 1.3980. On the downside, below 1.3773 minor support will turn intraday […]
02/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6527; (P) 0.6553; (R1) 0.6598; More… AUD/USD recovered quickly after breaching 0.6524 support and intraday bias stays neutral. On the downside, decisive break of 0.6524 argue that whole rebound from 0.6269 has completed, and bring deeper fall to this support. However, considering bullish convergence condition in 4H MACD, firm break of 0.6623 […]
16/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.08; (P) 140.99; (R1) 141.69; More… Intraday bias in USD/JPY remains on the downside for 139.26 fibonacci level. Some support could be seen there to bring rebound. But outlook will remain bearish as long as 143.03 resistance holds. Decisive break of 139.26 would carry larger bearish implications, and target 61.8% projection of […]