Daily Pivots: (S1) 0.7085; (P) 0.7107; (R1) 0.7132; More… Intraday bias in AUD/USD is turned neutral first, as it lost momentum ahead of 61.8% projection of 0.6169 to 0.6892 from 0.6721 at 0.7168. On the downside, break of 0.7061 minor support will indicate short term topping, and turn bias to the downside, for pull back […]
The post AUD/USD Daily Outlook appeared first on Action Forex.
On January 6, while analysing the XBR/USD chart, we: → constructed an upward structure using blue trend lines; → highlighted the potential for a pullback after the formation of peaks A and B around the Read more…
Daily Pivots: (S1) 1.4354; (P) 1.4401; (R1) 1.4425; More… USD/CAD dips ahead of 1.4466 resistance as consolidations pattern from there extends. Intraday bias remains neutral first. Break of 1.4279 support will bring further correction. But Read more…
Speculation surrounding the incoming US administration’s tariff strategy continues to rattle global markets. Reports suggest that President-elect Donald Trump’s economic team is exploring a phased approach to tariffs, gradually increasing rates by 2% to 5% Read more…