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AUD/USD’s strong was rebound last week was capped below 0.6666 resistance, and followed by equally steep decline. Initial bias remains neutral this week first, with focus on 0.6503 support. Decisive break there will indicate that larger fall from 0.6870 is ready to resume, and turn bias to the downside for 0.6442 low. For now, risk […]

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04/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6698; (P) 0.6735; (R1) 0.6767; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress for 0.6689 resistance turned support, and possibly below. But strong support would be seen from channel support (now at 0.6663) to bring rebound. On […]
18/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of […]
02/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… While GBP/USD’s pull back from 1.2826 extends lower today, it’s staying above 1.2611 support so far. Intraday bias remains neutral first. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back […]