Logo-color Logo-white

Daily Pivots: (S1) 0.6595; (P) 0.6612; (R1) 0.6643; More… AUD/USD’s breach of 0.6645 resistance suggests that rise from 0.6361 is resuming. Intraday bias is now on the upside for 61.8% projection of 0.6464 to 0.6645 from 0.6578 at 0.6690. Firm break there will target 100% projection at 0.6759. For now, further rally will remain in […]

The post AUD/USD Daily Report appeared first on Action Forex.

previous

EUR/USD Mid-Day Outlook

next

EUR/CHF Daily Outlook

Read More

15/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6272; (P) 1.6346; (R1) 1.6485; More.. Intraday bias in EUR/AUD is turned neutral with current recovery. But outlook remains bearish with 1.6478 resistance intact. Break of 1.6206 will resume larger decline from 1.7062. Next target is 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. In the bigger picture, fall from […]
07/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rebound last week indicates short term bottoming at 1.6127, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume the corrective […]
01/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… EUR/USD’s rebound from 1.0760 short term bottom continues today and intraday bias stays on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, below 1.0843 minor support will turn intraday bias back to the […]