USD/CHF Daily Outlook

Daily Pivots: (S1) 186.51; (P) 187.28; (R1) 188.74; More… GBP/JPY’s break of 188.08 minor resistance suggest that fall from 193.45 has completed at 183.70 already. Rise from there is seen as the third leg of the corrective pattern from 180.00. Intraday bias is back on the upside for 193.45 and possibly further to 61.8% retracement […]

AUD/USD’s fall from 0.6666 extended last week and confirm short term topping. Initial bias remains on the downside for 0.6476 support first. Break there will argue that decline from 0.6870 is ready to resume through 0.6442 low. On the upside, break of 0.6629 minor resistance will turn bias back to the upside to extend the […]

Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… USD/CHF recovered after dipping to 0.8431 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 0.8711 resistance. Below 0.8431 will resume the fall from 0.9223 to retest 0.8332 low. In the bigger picture, price actions from 0.8332 […]