AUD/USD’s rebound from 0.6864 continued last week despite brief setback. Initial bias is on the upside this week for 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. Firm break there could prompt upside acceleration to 161.8% projection at 0.7183. On the downside, below 0.7020 minor support will turn intraday bias neutral again first. […]
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EUR/USD’s rally from 1.1323 continued last week despite brief setback. Initial bias is on the upside this week for 1.1621 cluster resistance (38.2% retracement of 1.2081 to 1.1323 at 1.1613). Decisive break there will solidify Read more…
USD/JPY rebounded after initial fall to 155.22, but failed to break through 38.2% retracement of 163.97 to 155.22 at 158.56 and reversed. Initial bias is mildly on the downside this week for retesting 155.22 low. Read more…