AUD/USD’s extended rebound stalled after hitting 55 D EMA (now at 0.7014), just ahead of 38.2% retracement of 0.7277 to 0.6864 at 0.7022. Initial bias remains neutral first, and fall from 0.7277 is mildly in favor to continue. On the downside, below 0.6912 minor support will bring retest of 0.6864 low. However, sustained break of […]
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EUR/USD extended the consolidations pattern above 1.1323 last week and outlook is unchanged. Initial bias remains neutral this week, and with 1.1499 support turned resistance intact, further decline is expected. On the downside, break of Read more…
USD/JPY is still bounded in consolidations pattern from 162.83. Initial bias remains neutral this week first. Another fall cannot be ruled out as the consolidations extends, but downside should be contained by 38.2% retracement of Read more…