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AUD/USD extended consolidation from 0.6713 last week and outlook remains unchanged. Initial bias stays neutral this week first. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained […]

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EUR/USD Weekly Outlook

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27/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0811; (P) 1.0857; (R1) 1.0891; More… EUR/USD recovered quickly after dipping to 1.0812. Intraday bias remains neutral at this point. On the downside, break of 1.0812 will resume the fall from 1.1138 to 1.0722 support. On the upside, above 1.0931 will turn bias to the upside for stronger rebound towards 1.1138 resistance. […]
05/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3553; (P) 1.3568; (R1) 1.3591; More… No change in USD/CAD as consolidations continue below 1.3605 temporary top. Intraday bias stays neutral and further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at […]
09/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6535; (P) 0.6565; (R1) 0.6622; More… AUD/USD’s break of 0.6567 resistance confirms short term bottoming at 0.6348 and stronger rebound is underway. Intraday bias is back on the upside for 55 D EMA (now at 0.6614). Sustained break there will target 0.6798 resistance. On the downside, break of 0.6506 minor support will […]