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Daily Pivots: (S1) 0.6511; (P) 0.6547; (R1) 0.6600; More… AUD/USD’s strong rebound suggests that corrective pattern from 0.6442 is extending with another leg. While further rise cannot be ruled out, upside should be limited by 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Break of 0.6476 support will argue that fall from 0.6870 is ready […]

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EUR/AUD Daily Outlook

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13/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8559; (R1) 0.8574; More…. EUR/GBP’s correction from 0.8624 extends lower today and deeper fall could be seen. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, above 0.8567 minor resistance will turn bias back to the upside for […]
27/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. As long as 1.2499 support holds, near term outlook will stay bullish and further rally is expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% […]
08/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8569; (P) 0.8577; (R1) 0.8584; More… Intraday bias in EUR/GBP stays neutral for the moment. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]