USD/CAD’s fall from 1.3946 resumed by breaching 1.3418, but recovered since then. Initial bias remains neutral this week first. Outlook will stay bearish as long as 1.3646 resistance holds. On the downside, break of 1.3418 will target 61.8% projection of 1.3946 to 1.3439 from 1.3646 at 1.3333. In the bigger picture, corrective pattern from 1.3976 […]
Daily Pivots: (S1) 1.6539; (P) 1.6602; (R1) 1.6643; More… No change in EUR/AUD’s outlook and intraday bias remains on the downside for 1.6449 support. Firm break there will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is ready to resume through 1.6319. On the upside, […]
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