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EUR/AUD’s strong rebound and break of 1.6580 resistance last week suggests that corrective pullback from 1.7180 has completed at 1.6256 already. Initial bias is back on the upside for retesting 1.7180 resistance next. On the downside, below 1.6413 support will turn bias back to the downside for 1.6256 again. In the bigger picture, outlook is […]

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AUD/USD Weekly Report

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30/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6271; (P) 1.6346; (R1) 1.6402; More… Intraday bias in EUR/AUD is turned neutral with current recovery. Further decline is expected as long as 1.6484 resistance holds. Below 1.6288 will resume the fall from 1.6742 to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 from 1.6742 at 1.5807 However, break […]
08/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.04; (P) 151.40; (R1) 151.98; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.65). On the upside, however, sustained break of 151.93 key resistance will confirm long […]
12/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More… Intraday bias in EUR/USD is turned neutral with a temporary low formed at 1.0722. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to […]