Logo-color Logo-white

AUD/USD edged lower to 0.6642 last week but recovered since then. Initial bias stays neutral this week first. More consolidation would be seen and stronger recovery cannot be ruled out. But outlook will remain bearish as long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 towards 0.6269 low. In the […]

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

previous

EUR/JPY Daily Outlook

next

EUR/USD Daily Outlook

Read More

22/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6649; (P) 0.6664; (R1) 0.6681; More… AUD/USD is staying in consolidation from 0.6713 and intraday bias remains neutral. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 already. Above 0.6713 will target 0.6870 resistance next. In […]
02/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.07; (P) 179.80; (R1) 180.30; More… Intraday bias in GBP/JPY stays neutral as range trading continues. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]
30/11/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0947; (P) 1.0982; (R1) 1.1004; More… While EUR/USD’s pull back from 1.1016 extends lower today, it’s holding well above 1.0851 support. Intraday bias remains neutral first, and further rally is still expected. On the upside, firm break of 1.1016 will resume the rise from 1.0447 to 1.1274 resistance next. But strong resistance […]