Daily Pivots: (S1) 1.5372; (P) 1.5427; (R1) 1.5509; More… EUR/AUD is extending the consolidation from 1.5704 and intraday bias remains neutral for the moment. Deeper decline cannot be ruled out. But downside should be contained Read more…
Daily Pivots: (S1) 0.9834; (P) 0.9863; (R1) 0.9878; More…. Intraday bias in EUR/CHF remains neutral as consolidation from 0.9953 is extending. In case of deeper retreat, downside should be contained by 0.9798 support to bring Read more…
Daily Pivots: (S1) 0.9761; (P) 0.9868; (R1) 0.9924; More… EUR/USD’s break of 0.9847 argues that corrective pattern from 0.9534 has completed with three waves up to 1.0092. Such development revives near term bearishness too. Intraday Read more…
Daily Pivots: (S1) 1.1330; (P) 1.1447; (R1) 1.1507; More… Intraday bias in GBP/USD stays neutral for the moment. With 1.1256 minor support intact, further rally is expected. On the upside, break of 1.1644 will resume Read more…
Daily Pivots: (S1) 0.9949; (P) 0.9995; (R1) 1.0079; More… USD/CHF’s break of 1.0030 minor resistance indicates that pull back from 1.0146 has completed at 0.9840. Intraday bias is back on the upside for retesting 1.0146 Read more…
Daily Pivots: (S1) 146.27; (P) 147.32; (R1) 148.97; More… Intraday bias in USD/JPY stays neutral as consolidation from 151.39 is extending. Deeper decline cannot be ruled out, but downside should be contained by 38.2% retracement Read more…
Daily Pivots: (S1) 1.3602; (P) 1.3659; (R1) 1.1.3769; More…. USD/CAD recovered after drawing support from 1.3501 but stays well below 1.3976 resistance. Intraday bias remains neutral first, and further rise in favor as long as Read more…
Daily Pivots: (S1) 0.6301; (P) 0.6396; (R1) 0.6446; More… AUD/USD’s break of 0.6355 minor support suggests that corrective recovery from 0.6169 has completed at 0.6521, missing 0.6539 resistance. Rejection by falling 55 day EMA maintains Read more…
After initial jitters, Dollar rose broadly overnight as Fed Chair Jerome Powell indicated the possibility of higher terminal rate in the current tightening cycle. US stocks ended notably lower and risk-off sentiment carried on in Read more…
BoE is widely expected to raise interest rate by 75bps to 3.00% today. That would be the eighth consecutive rate rise, and the largest since 1989. Governor Andrew Andrew Bailey had already indicated earlier that Read more…