Daily Pivots: (S1) 1.3346; (P) 1.3387; (R1) 1.3414; More… GBP/USD is extending consolidation below 1.3433 temporary top and intraday bias remains neutral. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3433 will resume larger rise to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, considering bearish […]
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UK retail sales volumes plunged by -0.7% mom in October, significantly underperforming expectations of a -0.3% mom decline. Also, volumes remained -1.5% below their pre-pandemic level in February 2020. On a broader basis, retail activity Read more…
Daily Pivots: (S1) 1.3944; (P) 1.3963; (R1) 1.3994; More… USD/CAD recovered after brief dip to 1.3930 and intraday bias stays neutral first. On the downside, break of 1.3930 will extend the corrective fall from 1.4104 Read more…
Daily Pivots: (S1) 0.6494; (P) 0.6514; (R1) 0.6530; More… AUD/USD is staying in consolidation from 0.6440 and intraday bias remains neutral. Outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive Read more…