Logo-color Logo-white

AUD/USD’s decline argues that corrective recovery from 0.6442 has completed at 0.6594. But as a temporary low was formed at 0.6486, initial bias is neutral this week first. On the downside, below 0.6486 will target a retest on 0.6442 first. Firm break there will resume whole decline from 0.6870. However, on the upside, break of […]

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

previous

EUR/JPY Daily Outlook

next

EUR/USD Daily Outlook

Read More

23/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2691; (P) 1.2726; (R1) 1.2753; More… Intraday bias in GBP/USD is turned neutral first as it continued to lost upside momentum as seen in 4H MACD. On the upside. decisive break of 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780 will extend the rally from 1.2298 to 1.2892 resistance next. […]
04/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3597; (P) 1.3633; (R1) 1.3664; More…. No change in USD/CAD’s outlook as sideway trading continues. Intraday bias stays neutral at this point. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. […]
18/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… Further rally is expected in GBP/USD with 1.2937 minor support intact, despite some loss off upside momentum. Current t rise from 1.2298 should target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, […]