Intraday bias in AUD/USD is back on the upside with breach of 0.7039 temporary top. Sustained break of 38.2% retracement of 0.7237 to 0.6893 at 0.7024 will argue that fall from 0.7237 has completed, and target 61.8% retracement at 0.7106. On the downside, break of 0.6993 minor support will bring retest of 0.6893 low instead. […]
The post AUD/USD Daily Report appeared first on ActionForex.
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…