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Daily Pivots: (S1) 0.6365; (P) 0.6379; (R1) 0.6391; More… AUD/USD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 0.5913 should target 61.8% retracement of 0.6941 to 0.5913 at 0.6548, even still as a corrective move. On the downside, below 0.6356 minor support will turn intraday bias neutral […]

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06/12/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8758; (P) 0.8806; (R1) 0.8832; More… USD/CHF’s fall from 0.8956 short term top extends lower in early US session and touched 55 D EMA (now at 0.8737. Strong support could be seen from current level, and firm break of 0.8796 resistance will turn bias back to the upside for rebound. However, considering […]
15/03/2025

EUR/JPY Weekly Outlook

EUR/JPY edged higher to 162.34 last week but retreated since then. Initial bias remains neutral this week and more consolidations could be seen. But further rally is expected as long as 158.87 support holds. On the upside, break of 162.34 will resume the rise from 154.77 to 164.89 resistance, as another rising leg in the […]
05/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3108; (P) 1.3141; (R1) 1.3183; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still extending. While deeper retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of […]