AUD/USD’s edged lower to 0.6977 last week but recovered since then. Initial bias remains neutral this week first. Risk will stay on the downside as long as 0.7076 support turned resistance holds. Below 0.6977 will resume the decline from 0.7277 towards 0.6832 support. Nevertheless, firm break of 0.7076 will argue that fall from 0.7277 might […]
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EUR/USD edged lower to 1.1499 last week but recovered since then. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 1.1685 resistance holds. Break of 1.1499 will Read more…
USD/JPY retreated notably after edging higher to 160.58 last week. Considering bearish divergence condition in 4H MACD, a short term top could be formed ahead of 160.71 key resistance. On the downside, break of 159.54 Read more…