AUD/USD’s fall from 0.7277 continued last week. There is no clear sign of bottoming yet despite loss of momentum as seen in 4H MACD. Further decline is expected as long as 0.6977 support turned resistance holds. Retest of 0.6832 support should be seen next. Firm break there will target 0.6756 fibonacci level. In the bigger […]
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EUR/USD fell further to 1.1323 last week but recovered after breaching 1.1353 fibonacci level briefly. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 1.1499 support turned resistance holds. Read more…
USD/JPY edged high last week but failed to break through 161.94 key resistance. Initial bias remains neutral this week first. On the downside, firm break of 160.58 support should confirm short term topping, on bearish Read more…