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Daily Pivots: (S1) 0.6530; (P) 0.6551; (R1) 0.6588; More… Intraday bias in AUD/USD remains neutral first. On the upside, break of 0.6585 resistance will resume the rebound from 0.6361. That would also affirm the case that fall from 0.6870 has completed. Further rally would be seen to 0.6643 resistance next. Nevertheless, break of 0.6464 will […]

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24/08/2024

USD/JPY Weekly Outlook

USD/JPY gyrated lower last week even though momentum is a bit unconvincing. Still, the development suggests that rebound from 141.67 has completed at 149.35, after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Initial bias is on the downside this week for retesting 141.67 low. Firm break there will resume the whole fall […]
08/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6449; (P) 1.6530; (R1) 1.6619; More… Intraday bias in EUR/AUD remains on the downside at this point. Decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742, and turn near term outlook bearish. On the upside, above 1.6606 minor resistance will turn […]
16/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Intraday bias in USD/CAD remains on the upside for 1.3790 resistance. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Break of 1.3790 will argue that larger rise from 1.3716 is ready […]