Logo-color Logo-white

AUD/USD’s recovery from 0.6442 continued last week but upside was capped well below 0.6621 resistance so far. Initial bias remains neutral this week first and outlook stays bearish. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442. Nevertheless, considering bullish convergence condition in 4H MACD, decisive break of […]

The post AUD/USD Weekly Report appeared first on Action Forex.

previous

EUR/USD Weekly Outlook

next

EUR/USD Mid-Day Outlook

Read More

14/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9470; (P) 0.9492; (R1) 0.9529; More…. Intraday bias in EUR/CHF remains on the upside as rebound from 0.9209 short term bottom is in progress. Further rise should be seen to 55 D EMA (now at 0.9594). ON the downside, below 0.9423 minor support will turn intraday bias neutral first. In the bigger […]
09/12/2023

EUR/AUD Weekly Outlook

EUR/AUD edged lower to 1.6267 last week but recovered since then. Initial bias remains neutral this week for more consolidations. But outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 […]
06/04/2024

USD/JPY Weekly Outlook

USD/JPY dipped to 150.80 last week but quickly recovered. Initial bias remains neutral this week first. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]