EUR/AUD Daily Outlook

Daily Pivots: (S1) 0.8509; (P) 0.8517; (R1) 0.8527; More…. No change in EUR/GBP’s outlook and intraday bias stays neutral for the moment. Further decline is expected as long as 55 D EMA (now at 0.8549) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 […]

AUD/USD’s rally contained last week and hit as high as 0.6936. Initial bias is on the upside this week. Firm break of 0.6941 will pave the way to 100% projection of 0.6348 to 0.6823 from 0.6621 at 0.7096. On the downside, below 0.6817 support will turn intraday bias neutral first. In the bigger picture, overall, […]

Daily Pivots: (S1) 0.6646; (P) 0.6678; (R1) 0.6699; More… Intraday bias in AUD/USD is turned neutral with current recovery, but further decline is expected as long as 0.6758 resistance holds. Below 0.6657 will resume the fall from 0.6941 short term top to 0.6621 structural support. Decisive break there will pave the way back to 0.6348 […]