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USD/CAD’s rise from 1.3176 resumed by breaching 1.3613 resistance last week. Initial bias stays on the upside this week for channel resistance at 1.3665 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish as long as 1.3477 support holds, in case of retreat. In […]

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07/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.12; (P) 186.45; (R1) 186.71; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the upside, firm break of 187.60 will turn bias to the upside for 188.90. Break there will confirm resumption of larger up trend. Meanwhile, below 185.21 will turn bias to the downside and extend the […]

AUD/USD Daily Report

Daily Pivots: (S1) 0.6492; (P) 0.6509; (R1) 0.6539; More… AUD/USD is extending consolidations from 0.6468 and intraday bias remains neutral. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as 0.6621 resistance holds. On the downside, break of 0.6468 will resume the fall from 0.6870, as part of the down trend […]
13/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6167; (P) 1.6231; (R1) 1.6286; More… EUR/AUD recovered after dipping to 1.6173 and intraday bias is turned neutral first. But outlook will stay bearish as long as 1.6418 resistance holds. Break of 1.6173 will resume the decline from 1.6742, as the third leg of the correction from 1.7062. Next target is 61.8% […]