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Daily Pivots: (S1) 0.8867; (P) 0.8919; (R1) 0.8954; More…. Immediate focus is now on 0.8883 fibonacci level as USD/CHF’s fall from 0.9223 extended. Sustained break there will carry larger bearish implications. Nevertheless, strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain […]

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05/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6473; (P) 0.6541; (R1) 0.6581; More… Intraday bias in AUD/USD stays on the downside for the moment. Fall from 0.6870 is in progress for 61.8% projection of 0.6870 to 0.6524 from 0.6621 at 0.6407. On the upside, break of 0.6621 resistance is needed to signal short term bottoming. Otherwise, outlook will stay […]
24/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3671; (P) 1.3698; (R1) 1.3721; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further rally is expected as long as 1.3662 support holds. Above 1.3790 will bring retest of 1.3845 high first. Nevertheless, break of 1.3662 will turn bias to the downside to extend the corrective pattern from 1.3845 […]
25/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3662; (P) 1.3696; (R1) 1.3736; More… Intraday bias in USD/CAD stays neutral with focus on 1.3660 support. Strong rebound from current level will retain near term bullishness. Break of 1.3748 minor resistance will turn intraday bias back to the upside for retesting 1.3845 resistance. However, sustained break of 1.3660 will bring deeper […]