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USD/CAD’s strong rebound suggests short term bottoming at 1.3176, on bullish convergence condition in 4H MACD. Despite some loss of upside momentum, further rally is in favor this week as long as 1.3286 minor support holds, to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement […]

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AUD/USD Weekly Report

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25/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3786; (P) 1.3801; (R1) 1.3824; More… Intraday bias in USD/CAD remains on the upside for retesting 1.3845 high. Decisive break there will resume whole rally from 1.3176. Next target is 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025. On the downside, below 1.3777 minor support will turn intraday bias neutral […]
03/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.41; (P) 151.61; (R1) 151.75; More… USD/JPY is staying in tight range below 151.96 and intraday bias remains neutral. On the downside, break of 151.02 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.43). Nevertheless, sustained break of 151.93 key resistance […]
22/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 will turn bias back to the […]