USD/CAD Daily Outlook

USD/CHF’s extended decline last week suggests that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Initial bias is on the downside this week for retesting 0.8431 support first. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside, above 0.8540 […]

Daily Pivots: (S1) 0.9245; (P) 0.9298; (R1) 0.9341; More… Intraday bias in EUR/CHF is turned neutral with current recovery, and some more consolidations would be seen above 0.9252. But further decline is expected as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend. Next target is […]

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 […]