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Daily Pivots: (S1) 1.3644; (P) 1.3690; (R1) 1.3724; More… Intraday bias in USD/CAD remains neutral for the moment. Consolidation from 1.3845 could extend further. While deeper fall could be seen, downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at 1.3589) to bring rebound. Break of 1.3790 resistance will argue […]

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05/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6708; (P) 0.6720; (R1) 0.6738; More… AUD/USD’s rally is in progress and intraday bias stays on the upside. Current rise from 0.6361 should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837 next. On the downside, below 0.6699 minor support will turn intraday bias neutral first. But, near term outlook […]
17/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3787; (P) 1.3816; (R1) 1.3859; More… Intraday bias in USD/CAD remains on the upside for the moment. Decisive break of 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841 will pave the way to 138.2% projection at 1.3980. On the downside, below 1.3773 minor support will turn intraday bias neutral and […]
13/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY is staying above 140.70 temporary low despite current dip, and intraday bias stays neutral first. Outlook remains bearish as long as 147.20 resistance holds. On the downside, break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 fibonacci level […]