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Daily Pivots: (S1) 0.6650; (P) 0.6679; (R1) 0.6697; More… AUD/USD dips mildly today as consolidation from 0.6713 continues. Intraday bias stays neutral for the moment. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 already. Above 0.6713 will target […]

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01/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6496; (P) 0.6526; (R1) 0.6572; More… Intraday bias in AUD/USD is turned neutral first with current recovery, and some more consolidations would be seen above 0.6479. Further decline is expected as long as 0.6609 minor resistance holds. Below 0.6479 will resume the decline from 0.6798 to 0.6361 support first. Firm break there […]
19/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2418; (P) 1.2452; (R1) 1.2469; More… GBP/USD recovered after brief dip to 1.2388 and intraday bias is turned neutral again. Stronger recovery cannot be ruled out, but upside should be limited by 1.2538 support turned resistance. Below 1.2388 will resume the fall from 1.2892 to 100% projection of 1.2892 to 1.2538 from […]
02/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6278; (P) 1.6320; (R1) 1.6372; More… Intraday bias in EUR/AUD remains neutral for consolidations above 1.6256 temporary low. But further decline would remain in favor as long as 1.6580 resistance holds. Below 1.6256 will resume the fall from 1.7180, and target 1.5996 key support level next. In the bigger picture, outlook is […]