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Daily Pivots: (S1) 0.6558; (P) 0.6576; (R1) 0.6596; More… Intraday bias in AUD/USD is turned neutral first with current retreat. Some consolidations would be seen but further rise is expected as long as 0.6484 support holds. Above 0.6594 will resume the rally from 0.5913 and target 0.6713 fibonacci level. In the bigger picture, there is […]

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17/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8625; (P) 0.8641; (R1) 0.8672; More… USD/CHF’s rally from 0.8374 is in progress and intraday bias stays on the upside. Sustained break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should then be seen to 61.8% retracement […]
07/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0731; (P) 1.0746; (R1) 1.0770; More… No change in EUR/USD’s outlook and intraday bias stays neutral. Focus remains on 1.0722 structural support. Decisive break there will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to target this low. On the upside, break of 1.0896 resistance is […]
12/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY recovered after diving sharply to 203.82. While deeper fall could be seen, strong support should emerge from 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound, and set the range of consolidations below 208.09 short term top. However, sustained break of 201.69 will […]