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Daily Pivots: (S1) 1.3550; (P) 1.3601; (R1) 1.3635; More… USD/CAD’s decline continues today and intraday bias stays on the downside. Current fall from 1.4791 should target 100% projection of 1.4414 to 1.3749 from 1.4014 at 1.3349. On the upside, through, break of 1.3650 minor resistance will turn intraday bias neutral first. In the bigger picture, […]

The post USD/CAD Daily Outlook appeared first on Action Forex.

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EUR/AUD Weekly Outlook

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20/04/2024

EUR/JPY Weekly Outlook

Range trading continued in EUR/JPY last week and overall outlook is unchanged. Initial bias remains neutral this week as consolidation pattern from 165.33 could still extend. . On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s at least […]
30/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6532; (P) 0.6559; (R1) 0.6594; More… Intraday bias in AUD/USD is turned neutral first with current retreat. Another rise is mildly in favor as long as 0.6482 support holds. Fall from 0.6870 might have completed at 0.6361 already Above 0.6585 will target 0.6643 resistance next. However, firm break of 0.6482 will dampen […]
03/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2565; (R1) 1.2592; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations could be seen first. But risk will stay on the downside as long as 1.2667 resistance holds, in case of recovery. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest […]