Daily Pivots: (S1) 1.2631; (P) 1.2710; (R1) 1.2752; More… Sterling’s extended decline today suggests that corrective rebound from 1.2486 has completed at 1.2810 already. Immediate focus is now on 1.2615 minor support. Firm break there will bring retest of 1.2486 first. Break there will resume whole decline from 1.3433 to 1.2298 cluster support zone. In […]
Daily Pivots: (S1) 0.6597; (P) 0.6620; (R1) 0.6660; More… Intraday in AUD/USD is back on the downside with breach of 0.6536 support. Fall from 0.6941 is resuming and sustained trading below 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target 0.6348 support next. For now, outlook will stay bearish as long as 0.6644 resistance […]
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