Logo-color Logo-white

AUD/USD’s rally from 0.6361 continued last week and outlook is unchanged. Initial bias stays on the upside this week for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100% projection at 0.6971. On the downside, however, break of 0.6723 support will turn […]

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

previous

EUR/CHF Weekly Outlook

next

EUR/CHF Daily Outlook

Read More

20/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would be seen to retest 141.67 low. Firm break there will resume the […]
28/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8968; (P) 0.8979; (R1) 0.9000; More… Intraday bias in USD/CHF remains mildly on the upside at this point. Fall from 0.9223 could have completed a three-wave corrective move to 0.8825. Intraday bias is back on the upside for channel resistance (now at 0.9039). Firm break there will target 0.9157 resistance next. On […]
06/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9235; (P) 0.9310; (R1) 0.9408; More…. EUR/CHF recovered after hitting 0.9029 and intraday bias is turned neutral for consolidations first. But near term outlook will stay bearish as long as 0.9476 support turned resistance holds. Below 0.9209 will target 161.8% projection of 0.9928 to 0.94767 from 0.9772 at 0.9041 next. In the […]