AUD/USD edged lower to 0.6621 last week but drew support from 38.2% retracement of 0.6348 to 0.6823 at 0.6642 and recovered. Upside is capped below 0.6766 resistance and initial bias stays neutral this week first. Read more…
USD/CAD’s rebound from 1.3439 continued last week but failed to break through 1.3617 resistance decisively. Initial bias stays neutral this week first and another fall remains in favor. On the downside, below 1.3545 minor support Read more…
GBP/JPY fell further to 183.70 last week but recovered since then. Initial bias remains neutral this week first. Outlook will stay cautiously bearish as long as 189.72 resistance holds. Below 183.70 will resume the fall Read more…
EUR/JPY’s fall from 163.86 extended lower last week but turned sideway after hitting 155.45. Initial bias remains neutral this week first. Outlook will stay cautiously bearish as long as 160.01 support turned resistance holds. Below Read more…
EUR/GBP was still bounded in consolidation above 0.8399 last week and outlook is unchanged. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of Read more…
EUR/AUD retreated after edging higher to 1.6629 last week. Initial bias stays neutral this week first. For now, the favored case remains that corrective fall from 1.7180 has completed at 1.6256 already. On the upside, Read more…
EUR/CHF edged lower to 0.9305 last week but recovered since then. Initial bias stays neutral this week first, and outlook remains bearish as long as 0.9444 resistance holds. On the downside, below 0.9305 will resume Read more…
