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AUD/USD’s extended fall last week suggests that corrective rebound from 0.6087 has completed at 0.6407, ahead of 38.2% retracement of 0.6941 to 0.6087 at 0.6413. Initial bias stays on the downside this week for retesting 0.6087 low. Firm break there will resume whole decline from 0.6941. On the upside, above 0.6254 minor resistance will turn […]

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09/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8541; (P) 0.8562; (R1) 0.8595; More… Intraday bias in USD/CHF stays neutral at this point. More consolidations could be seen below 0.8606 temporary top. But further rally is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there […]
21/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6691; (P) 0.6706; (R1) 0.6720; More… AUD/USD is staying in range above 0.6657 temporary low and intraday bias remains neutral. More consolidations could be seen, but further decline is expected as long as 0.6758 resistance holds. Below 06657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of […]
30/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3133; (P) 1.3180; (R1) 1.3215; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still expected. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from […]