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Daily Pivots: (S1) 1.3694; (P) 1.3709; (R1) 1.3730; More… Intraday bias in USD/CAD stays on the downside at this point despite weak downside momentum. Fall from 1.3946 would extend towards 1.3588 key support. On the upside, above 1.3674 minor resistance will turn bias back to the upside for stronger recovery. In the bigger picture, price […]

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AUD/USD Daily Report

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08/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6551; (P) 0.6577; (R1) 0.6606; More…. Intraday bias in AUD/USD remains neutral for the moment. On the upside, above 0.6618 will bring further rally to 0.6666 resistance. Break there will resume whole rebound from 0.6442. However, break of 0.6480 support will bring retest of 0.6442 low instead. In the bigger picture, price […]
03/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… USD/JPY’s strong rebound today maintains its near term bullishness. Focus is turning to 148.79 resistance. Firm break there will confirm that correction has completed at 145.88, and rise from 140.25 would then resume to 151.89/93 key resistance zone. In case of retreat, further rally will now […]
06/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6627; (P) 0.6646; (R1) 0.6666; More…. Range trading continues in AUD/USD and intraday bias remains neutral at this point. As long as 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) holds, further rally remains in favor. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 […]