Daily Pivots: (S1) 0.6566; (P) 0.6625; (R1) 0.6664; More… AUD/USD is holding above 0.6521 resistance turned support even as retreat from 0.6796 extends. Intraday bias remains neutral and further rally is in favor. On the upside, break of 0.6796 will resume the rise from 0.6169 to 0.6871 fibonacci level. However, sustained break of 0.6521 will […]
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AUD/USD loses ground as RBA meets rate hike expectations. Short-term risk is tilted to the downside. A close below 20-SMA could extend decline. AUD/USD retreated to 0.7134, extending Monday’s losses after the Reserve Bank of Read more…
USD/JPY held near 157.22 on Tuesday following a volatile start to the week. Pressure on the Japanese yen has increased as demand for the US dollar has returned, with investors once again favouring the greenback Read more…