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Daily Pivots: (S1) 1.3952; (P) 1.3986; (R1) 1.4015; More… USD/CAD is extending the consolidation from 1.4104 and intraday bias remains neutral. On the downside, break of 1.3930 will extend the corrective fall from 1.4104 to 1.3841 cluster support (38.2% retracement of 1.3418 to 1.4104 at 1.3842). Nevertheless, above 1.4035 minor resistance will bring retest of […]

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23/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6615; (P) 0.6658; (R1) 0.6686; More… Intraday bias in AUD/USD as fall from 0.6798 continues to accelerate lower. Sustained trading below 38.2% retracement of 0.6361 to 0.6798 at 0.6631 will raise the chance of near term bearish reversal. Next target will be 61.8% retracement at 0.6528. On the upside, above 0.6679 minor […]
17/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0841; (P) 1.0897; (R1) 1.0933; More… Intraday bias in EUR/USD remains on the downside. Fall from 1.1138 is in progress for 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has completed, and target this low. For now, risk will stay on the downside as long as 1.0995 resistance […]
02/12/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6485; (P) 0.6506; (R1) 0.6533; More… Range trading continues in AUD/USD and outlook is unchanged. Intraday bias remains neutral first and with 0.6549 resistance intact, further decline is expected. On the downside, break of 0.6433 will resume whole decline from 0.6941, and target 0.6348 support next. However, firm break of 0.6549 will […]