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Daily Pivots: (S1) 0.6319; (P) 0.6344; (R1) 0.6376; More… Intraday bias in AUD/USD remains on the upside for 38.2% retracement of 0.6941 to 0.6087 at 0.6413, as a correction to fall from 0.6941. On the downside, however, break of 0.6234 support will suggest that the rebound has completed and bring retest of 0.6087 low. In […]

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EUR/AUD Daily Outlook

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05/10/2024

EUR/AUD Weekly Outlook

EUR/AUD’s dipped further to 1.6002 last week but recovered just ahead of 1.5996 key support level. Initial bias stays neutral this week first. On the upside, firm break of 1.6184 resistance should confirm short term bottoming. Intraday bias will be back on the upside for 1.6256/6629 resistance zone. However, sustained break of 1.5996 will carry […]
19/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8655; (P) 0.8683; (R1) 0.8700; More…. Outlook in USD/CHF is unchanged. Intraday bias stays neutral as consolidation from 0.8629 might extend further. But further decline is expected with 0.8819 resistance intact. On the downside, break of 0.8629 will resume larger fall from 0.9243 to retest 0.8551 key support next. On the upside, […]
14/09/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 resumed by breaking through 141.67 support last week. Initial bias stays on the downside this week for 139.26 fibonacci level. Decisive break there would carry larger bearish implications. On the upside, above 143.03 resistance will turn intraday bias neutral first. But outlook will remain bearish as long as 147.20 resistance holds, […]