Daily Pivots: (S1) 0.6493; (P) 0.6526; (R1) 0.6562; More… AUD/USD is staying in consolidation below 0.6589 and intraday bias remains neutral. Overall, further rally is still expected as long as 0.6372 support holds. On the upside, firm break of 0.6589 will resume the rise from 0.5913 and target 0.6713 fibonacci level. In the bigger picture, […]
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AUD/USD’s late breach of 0.7221 last week suggests the recent up trend is resuming. Initial bias is mildly on the upside this week. Next target is 61.8% projection of 0.6420 to 0.7187 from 0.6832 at Read more…
USD/CAD’s fall from 1.3965 continued last week after brief recovery. Initial bias stays on the downside this week for retesting 1.3480 low. Decisive break there will resume whole down trend from 1.4791. For now, risk Read more…
GBP/JPY’s steep decline last week indicates medium term topping at 216.58, on bearish divergence condition in D MACD. But as a temporary low was formed at 210.43, initial bias is turned neutral this week first. Read more…