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AUD/USD edged lower to 0.6479 last week but turned sideway since then. Initial bias stays neutral this week for some more consolidations. But further decline is expected as long as 0.6609 minor resistance holds. Break of 0.6479 will resume the fall from 0.6798 to 0.6361 support next. In the bigger picture, overall, price actions from […]

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20/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8644; (P) 0.8670; (R1) 0.8707; More…. No change in USD/CHF’s outlook as focus remains on 0.8665 support turned resistance. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday bias back to the downside for […]
15/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6666; (P) 0.6698; (R1) 0.6717; More… Intraday bias in AUD/USD remains neutral at this point. Further decline is expected as long as 0.6759 minor resistance holds. Firm break of 0.6639 will resume the fall from 0.6870 to 61.8% retracement of 0.6269 to 0.6870 at 0.6497 next. On the upside, break of 0.6759 […]
19/02/2024

EUR/AUD Weekly Outlook

Sideway trading continued in EUR/AUD last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. Nevertheless, below […]