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Daily Pivots: (S1) 1.6422; (P) 1.6473; (R1) 1.6531; More… Intraday bias in EUR/AUD stays neutral for the moment. With 1.6580 resistance intact, fall from 1.7180 is still in favor to continue. On the downside, break of 1.6256 support will target 1.5996 key support level next. However, decisive break of 1.6580 will turn bias back to […]

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13/04/2024

USD/CAD Weekly Outlook

USD/CAD’s rally from 1.3176 resumed last week and accelerated to close at 1.3770. Initial bias stays on the upside this week. Next target is 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841. On the downside, below 1.3724 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise. In […]
25/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8648; (R1) 0.8690; More…. Intraday bias in USD/CHF remains mildly on the downside for 0.8487 minor support. Break there will argue that rebound from 0.8332 has completed at 0.8727, after rejection by 55 D EMA (now at 0.8686). Deeper fall would be seen to retest 0.8332 low. On the upside, […]
18/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6592; (P) 0.6606; (R1) 0.6626; More… AUD/USD recovered ahead of 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579), but stays well below 0.6713 resistance. Intraday bias remains neutral first. Further rally remains in favor with 0.6578 intact. On the upside, firm break of 0.6713 will resume whole rise from […]