Further rise is expected in AUD/USD as long as 0.7037 support holds. Sustained break of 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083 could prompt upside acceleration to 161.8% projection at 0.7183. On the downside, below 0.7037 minor support will turn bias back to the downside for 0.6921 instead. In the bigger picture, […]
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EUR/USD’s rebound from 1.1323 continued last week despite loss of momentum. Initial bias is mildly 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 Read more…
USD/JPY’s rebound from 155.22 lost momentum after hitting 55 4H EMA (now at 159.22). While another rise might still be seen, strong resistance could emerge from 159.59 to 160.62 zone (50% and 61.8% retracement of Read more…
GBP/USD’s rebound from 1.3272 extended higher last week after brief retreat. Initial bias is back on the upside this week. Firm break of 1.3557 will extend the rise from 1.3139 to 100% projection of 1.3139 Read more…