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Daily Pivots: (S1) 0.6536; (P) 0.6548; (R1) 0.6567; More… AUD/USD’s break of 55D EMA suggests that corrective fall from 0.6706 has already completed with three waves down to 0.6439. Intraday bias is back on the upside for 0.6628 resistance first. Firm break there will target a retest on 0.6706 high. ON the downside, however, break […]

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15/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6305; (P) 1.6338; (R1) 1.6358; More… Intraday bias in EUR/AUD remains neutral for the moment. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn bias […]
03/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6484; (P) 1.6525; (R1) 1.6563; More… Range trading continues in EUR/AUD and intraday bias remains neutral. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance next. […]
12/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6217; (P) 1.6277; (R1) 1.6318; More… EUR/AUD is still bounded in range above 1.6211 and intraday bias stays neutral. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. Further fall should be seen through 1.6127 support. On […]