Intraday bias in AUD/USD remains on the upside. Rise from 0.6893 should now target 61.8% retracement of 0.7237 to 0.6893 at 0.7106. On the downside, however, break of 0.6993 minor support will bring retest of 0.6893 low instead. In the bigger picture, price action from 0.7277 medium term top is seen as developing into a […]
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EUR/CAD broke to a 15-month low after the BoC hiked to 2.50% and sharply revised its inflation forecast higher, reinforcing a Canadian Dollar rally that was already underway. With OIS pricing ~52% odds of a Read more…
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EUR/USD is still bounded in range above 1.1111 and intraday bias stays neutral. 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 Read more…