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Daily Pivots: (S1) 1.6231; (P) 1.6312; (R1) 1.6426; More… The break of 1.6359 resistance in EUR/AUD is tentatively taken as a the first sign of near term bullish reversal. Intraday bias now mildly on the upside for 1.6598 resistance. Firm break there will confirm successful defense of 1.5996 support and bring further rally. Nevertheless, break […]

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AUD/USD Daily Report

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GBP/USD Mid-Day Outlook

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08/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Range trading continues in GBP/USD and intraday bias stays neutral. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, […]
16/11/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6491 resumed last week. Initial bias stays on the downside this week for 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421. Firm break there will target 100% projection at 0.6257 next. On the upside, above 0.6511 support turned resistance will turn intraday bias neutral and bring consolidations first. But outlook […]
23/10/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6118; (P) 1.6190; (R1) 1.6231; More… Further decline is mildly in favor in EUR/AUD as long as 1.6260 minor resistance holds. But considering that price actions from 1.6531 are corrective in nature, downside should be contained above 1.6002 low. On the upside, break of 1.6260 will turn bias back to the upside […]