The Aussie dollar started the week in negative mode, opening with gap lower after hawkish comments from Fed chair Powell further boosted the US dollar and extending last Friday’s 1.2% drop. Fresh bears cracked key supports at 0.6850 zone (daily cloud base/Fibo 61.8% of 0.6681/0.7136 upleg/higher base, but face strong headwinds here and so far […]
The post AUD/USD: Bears Remain Fully in Play But Face Headwinds from Key Support Zone appeared first on Action Forex.
Daily Pivots: (S1) 1.6576; (P) 1.6613; (R1) 1.6668; More… EUR/AUD’s breach of 1.6631 resistance suggests that consolidation from 1.6800 has completed at 1.6355 already. Intraday bias is back on the upside for retesting 1.6800 resistance. Read more…
Daily Pivots: (S1) 0.9367; (P) 0.9384; (R1) 0.9397; More…. No change in EUR/CHF’s outlook as range trading continues inside 0.9359/9516. Intraday bias remains neutral. On the downside, firm break of 0.9359 will revive the case Read more…
Daily Pivots: (S1) 1.4297; (P) 1.4333; (R1) 1.4372; More… Intraday bias in USD/CAD remains neutral, with focus on 1.4378 resistance. Firm break there will suggest that the correction from 1.4791 has completed, and turn bias Read more…