Intraday bias in USD/CAD remains mildly on the downside at this point. Sustained break of 38.2% retracement of 1.3480 to 1.4298 at 1.3986 will extend the fall from 1.4298 to 61.8% retracement at 1.3792 next. On the upside, above 1.4080 minor resistance will turn intraday bias neutral first. In the bigger picture, current development argues […]
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Gold held above 4,050 USD an ounce on Wednesday after rising over the previous two sessions. Investors are awaiting the Federal Reserve’s rate decision while assessing the results of the Israeli elections for their potential Read more…
Intraday bias in EUR/USD remains neutral and further decline is expected as long as 1.1269 resistance holds. Firm break of 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, firm break of Read more…
No change in USD/JPY’s outlook and intraday bias stays neutral. On the downside, firm break of firm break of 156.06 will argue that rebound from 152.87 has completed after failing to sustain above 55 D Read more…