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Daily Pivots: (S1) 1.6656; (P) 1.6684; (R1) 1.6711; More… Intraday bias in EUR/AUD remains neutral as consolidation continues below 1.6800. In case of another dip, strong support is expected from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 to contain downside. On the upside, firm break of 1.6800 will resume the rally from 1.5963. However, […]

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05/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6483; (P) 0.6515; (R1) 0.6543; More… AUD/USD’s fall from 0.6798 resumed by falling through 0.6479 temporary low and intraday bias is back on the downside. 0.6361 support is already breached but there is not sign of bottoming yet. Deeper decline could be seen to 0.6269 support next. On the upside, above 0.6479 […]
21/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3603; (P) 1.3622; (R1) 1.3639; More… Intraday bias in USD/CAD stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3686 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will […]
29/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8496; (P) 0.8507; (R1) 0.8518; More… Intraday bias in EUR/GBP stays neutral at this point. Further decline is expected as long as 55 D EMA (now at 0.8556) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as EUR/GBP […]