USD/CAD Daily Outlook

Daily Pivots: (S1) 0.6645; (P) 0.6670; (R1) 0.6720; More… Intraday bias in AUD/USD remains on the upside at tis point. Sustained break of 61.8% projection of 0.6464 to 0.6645 from 0.6578 at 0.6690 will target 100% projection at 0.6759. On the downside, below 0.6645 will turn intraday bias neutral first. But further rally is expected […]

Daily Pivots: (S1) 152.92; (P) 153.12; (R1) 153.48; More… Intraday bias in USD/JPY stays on the upside for the moment. Current rally would target 155.20 fibonacci projection level next. On the downside, below 152.63 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay bullish as long as 150.80 support holds. […]

AUD/USD’s decline last week indicates short term topping at 0.6870, on bearish divergence condition in 4H MACD. Further decline will remain mildly in favor as long as 0.6759 minor resistance holds, to 55 D EMA (now at 0.6612). Nevertheless, break of 0.6759 will turn bias back to the upside for retesting 0.6870 instead. In the […]