EUR/AUD’s fall from 1.6842 extended lower last week but recovered ahead of 1.6125 low. Initial bias is turned neutral this week first. On the downside, decisive break of 1.6125 will resume larger fall from 1.8554. Nevertheless, break of 1.6371 resistance will indicate short term bottoming, and turn bias back to the upside for stronger rebound […]
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Crash predictions have become a near-constant presence in housing market coverage. Between rising foreclosure filings and climbing delinquencies on certain loan types, the headlines have given many homeowners the sense that a serious downturn is Read more…
EUR/USD’s extended decline suggests that corrective rebound from 1.1408 has completed at 1.1848. But as a temporary low was formed at 1.1575, initial bias remains neutral this week first. On the downside, below 1.1575 will Read more…
USD/JPY’s rebound from 155.01 continued last week but lost momentum after hitting 159.33. Initial bias remains neutral this week first. Above 159.24 will target 160.71 high. Strong resistance is expected from there to start the Read more…