AUD/USD’s break of 0.7012 resistance confirms short term bottoming at 0.6893, on bullish divergence condition in 4H MACD. Intraday bias is back on the upside. Sustained break of 38.2% retracement of 0.7237 to 0.6893 at 0.7024 will argue that fall from 0.7237 has completed, and target 61.8% retracement at 0.7106. On the downside, below 0.6986 […]
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Intraday bias in EUR/USD remains neutral for the moment. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, considering bullish divergence condition Read more…
Sideway trading continues in USD/JPY and intraday bias remains neutral. Further rise is mildly in favor as long as 156.36 support holds. Above 159.02 will extend the rebound from 152.87 to 160.38 key structural resistance Read more…