Logo-color Logo-white

Daily Pivots: (S1) 1.3787; (P) 1.3801; (R1) 1.3816; More… USD/CAD is extending the consolidation pattern from 1.3837 and intraday bias stays neutral. Another retreat cannot be ruled out, but downside should be contained above 1.3646 resistance turned support. On the upside, break of 1.3837 will resume the rally from 1.3418 and target 1.3946/76 key resistance […]

The post USD/CAD Daily Outlook appeared first on Action Forex.

previous

USD/JPY Daily Outlook

next

GBP/JPY Daily Outlook

Read More

22/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6551; (P) 1.6616; (R1) 1.6672; More… Intraday bias in EUR/AUD is turned neutral again with current retreat. But further rally will remain mildly in favor as long as 1.6368 support holds. Corrective fall from 1.6742 could have completed with three waves down to 1.6368. Above 1.6678 will target a retest on 1.6742 […]
21/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6463; (P) 1.6484; (R1) 1.6517; More… Focus stays on 1.6474 support in EUR/AUD. Decisive break there will argue that rise from 1.5996 has completed, and dampen the larger bullish view. Intraday bias will be back on the downside for deeper fall towards 1.5996 in this case. Nevertheless, strong rebound from current level, […]
12/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6165; (P) 1.6226; (R1) 1.6267; More… Intraday bias in EUR/AUD stays neutral at this point. For now, risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 […]