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Daily Pivots: (S1) 1.3720; (P) 1.3750; (R1) 1.3772; More… USD/CAD is still holding above 1.3720 support and intraday bias stays neutral. On the downside, decisive break of 1.3720 will argue that the corrective pattern from 1.3538 has already completed at 1.3923. Intraday bias will be back on the downside for 1.3574 support first. Break there […]

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04/05/2024

AUD/USD Weekly Report

AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the upside this week for 100% projection of 0.6361 to 0.6585 from 0.6464 at 0.6688 next. For now, risk will stay […]
29/05/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.12; (P) 144.60; (R1) 145.35; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87 to 100% projection of 139.87 to 148.64 from 142.10 at 150.87. Nevertheless, break of 142.10 will bring […]
13/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3682; (P) 1.3722; (R1) 1.3764; More… Despite steep retreat, USD/CAD recovered strongly ahead of 1.2662 support. Intraday bias stays neutral first. On the upside, above 1.3790 will resume the rebound from 1.3589 to retest 1.3845 high. Firm break there will resume larger rally. Nevertheless, break of 1.3662 will turn bias to the […]