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AUD/USD stayed in range trading below 0.6407 last week. Initial bias stays neutral this week first. On the downside, break of 0.6186 will target 0.6087 support first. Firm break there will resume whole decline from 0.6941. On the upside, sustained break of 0.6407 will resume the rebound from 0.6087 to 100% projection of 0.6087 to […]

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20/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.93; (P) 150.09; (R1) 150.30; More… USD/JPY is still bounded in consolidation from 150.87 and intraday bias stays neutral. In case of another retreat, downside should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive break […]
14/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8921; (P) 0.8945; (R1) 0.8962; More…. Intraday bias in USD/CHF remains neutral for the moment and more sideway trading could be seen. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue […]
02/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD is turned neutral first with current strong recovery. Another fall will remain in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support. However, firm break of 1.2863 will suggest that the pullback from 1.3043 has completed as a […]