AUD/USD fell to as low as 0.7003 last week but recovered after hitting 61.8% retracement of 0.6864 to 0.7237 at 0.7006. Initial bias is turned neutral this week for consolidations. Deeper decline is expected as long as 0.7074 support turned resistance holds. Fall from 0.7237 is seen as the third leg of the corrective pattern […]
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EUR/USD fell further to as low as 1.1358 last week but recovered just ahead of 1.1323/53 key support zone. Initial bias stays neutral this week first. On the upside, firm break of 1.1495 resistance should Read more…
USD/JPY rebounded further to 159.02 last week but retreated since then. Initial bias remains neutral this week first. Above 159.02 will target 61.8% retracement of 163.97 to 152.87 at 159.72. However, firm break of 156.81 Read more…