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Daily Pivots: (S1) 0.6379; (P) 0.6418; (R1) 0.6446; More… Intraday bias in AUD/USD remains neutral for the moment. On the upside, firm break of 0.6511 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, break of 0.6356 will bring deeper pullback to 38.2% retracement of 0.5913 to 0.6511 […]

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10/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3544; (P) 1.3561; (R1) 1.3575; More… USD/CAD is extending consolidation form 1.3439 and intraday bias remains neutral. While stronger recovery cannot be ruled out, further decline will remain in favor as long as 1.3617 resistance holds. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 […]
11/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3591; (P) 1.3647; (R1) 1.3738; More… Intraday bias in USD/CAD remains on the upside for the moment. Firm break of channel resistance would prompt upside acceleration, and extend the rally from 1.3176 to 1.3897 resistance next. For now, further rally will remain in favor as long as 1.3554 support holds, in case […]
20/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]