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EUR/AUD’s extended decline last week suggests that rebound from 1.6256 has completed at 1.6629 already. Nevertheless, as a temporary low was formed at 1.6315, initial bias is neutral this week first. Risk will stay on the downside as long as 1.6629 resistance holds. Below 1.6315 will bring retest of 1.6256. Firm break there will resume […]

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31/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6502; (P) 1.6535; (R1) 1.6577; More… Intraday bias in EUR/AUD is back on the upside as rise from 1.5996 resumes. Further rally should be seen to 1.6742 resistance. As noted before, corrective fall from 1.7062 should have completed with three waves down to 1.5998. Firm break of 1.6742 will argue that larger […]
06/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3633; (P) 1.3663; (R1) 1.3715; More… Intraday bias in USD/CAD remains neutral for the moment. Strong rebound from current level, followed by break of 1.3782 resistance, will retain near term bullishness. Further break of 1.3845 will resume larger rise from 1.3176 towards 1.3976 key resistance next. However, sustained trading below 55 D […]
19/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2688; (R1) 1.2727; More… Intraday bias in GBP/USD stays neutral at this point. On the downside, firm break of 1.2595 support will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume whole rally from […]