Daily Pivots: (S1) 1.6144; (P) 1.6204; (R1) 1.6302; More… EUR/AUD’s strong break of 1.6184 resistance confirms short term bottoming at 1.6002, after defending 1.5996 support. Intraday bias is back on the upside for 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there will strengthen the case that whole corrective fall from 1.7180 has completed […]
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USD/CHF is poised for a potential bullish move following a recent breakout, supported by a confluence of technical and fundamental factors. The Swiss National Bank’s preference for a weaker CHF and the repricing of Fed Read more…
The Australian dollar has extended its losses for a sixth straight day and is down 2.5% during that period. In the European session, AUD/USD is trading at 0.6736, down 0.29%. RBA minutes: Board considered scenarios Read more…
Daily Pivots: (S1) 1.0956; (P) 1.0972; (R1) 1.0989; More…. Intraday bias in EUR/USD is turned neutral first with current recovery. Fall from 1.1213 short term top is expected to continue as long as 1.1082 resistance Read more…