Daily Pivots: (S1) 1.2853; (P) 1.2876; (R1) 1.2909; More… USD/CAD’s break of 1.2817 minor support suggests that fall from 1.3222 is resuming. Intraday bias is back on the downside for 61.8% projection of 1.3222 to 1.2766 from 1.2984 at 1.2702. Firm break there will target 100% projection at 1.2528, which is close to 1.2516 key […]
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Daily Pivots: (S1) 0.6447; (P) 0.6495; (R1) 0.6525; More… AUD/USD retreated once again after edging higher to 0.6551. Intraday bias is turned neutral. On the downside, break of 0.6455 support will turn bias back to Read more…
The USD/JPY pair stabilised at 145.11 following three consecutive days of gains. The Japanese yen had previously faced downward pressure due to a combination of factors, including weak macroeconomic data. Japan’s exports declined for the Read more…
The British pound has stabilized on Wednesday. In the European session, GBP/USD is trading at 1.3551, up 0.28% on the day. The US dollar showed broad strength on Tuesday and GBP/USD declined 1.05% and fell Read more…