Logo-color Logo-white

AUD/USD’s fall from 0.6941 continued last week and the break of 0.6621 resistance suggest near term bearish reversal. Initial bias stays on the downside this week for 61.8% retracement of 0.6269 to 0.6941 at 0.6526 next. On the upside, above 0.6694 minor resistance will turn intraday bias neutral and bring consolidations first. In the bigger […]

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

previous

EUR/USD Mid-Day Outlook

next

EUR/AUD Weekly Outlook

Read More

22/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8569; (P) 0.8593; (R1) 0.8637; More… Intraday bias in EUR/GBP remains on the upside at this point. Fall from 0.8764 has probably completed already. Further rally would be seen to medium term trend line resistance (now at 0.8650). On the downside, below 0.8596 minor resistance will turn intraday bias neutral again first. […]
29/11/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2739; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. 4H MACD indicates that it’s picking up momentum again. Sustained trading above 61.8% retracement of 1.3141 to 1.2036 at 1.2716 will pave the way to retest 1.3141 high. On the downside, below 1.2606 […]
06/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8431. Upside of recovery should be limited by 0.8711 resistance to bring another fall. On the downside, below 0.8431 will resume the decline from 0.9223 to retest 0.8332 low. In the bigger picture, price actions from 0.8332 […]