AUD/USD’s fall from 0.7237 extended to 0.6903 last week but recovered since then. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 0.7038 resistance holds. Below 0.6903 will target 0.6864 support or further to 100% projection 0f 0.7277 to 0.6864 from 0.7237 at 0.6824. In the […]
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EUR/USD’s fall from 1.1710 extended through 1.1323/53 key support zone last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.1848 to 1.1323 Read more…
USD/JPY engaged in sideway trading below 159.02 last week. Initial bias remains neutral this week first. On the upside, above 159.02 will resume the rebound from 152.87 to 160.38 key structural resistance next. Nevertheless, break Read more…
GBP/USD edged lower to 1.3179 last week but recovered since then. Initial bias is turned neutral again this week. Below 1.3179 will extend the decline from 1.3675 to 1.3139 support next. However, considering bullish divergence Read more…