Daily Pivots: (S1) 0.6403; (P) 0.6425; (R1) 0.6447; More… Intraday bias in AUD/USD stays neutral at this point, as consolidation from 0.6356 is extending. Further decline is expected as long as 0.6520 resistance holds. Break of 0.6356 will resume larger down trend to 100% projection of 0.7156 to 0.6457 from 0.6894 at 0.6195. In the […]
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EUR/USD edged lower to 1.0176 last week but recovered after breaching 1.0199 fibonacci level briefly. Initial bias stays neutral this week first and more consolidations could be seen. But outlook will remain bearish as long Read more…
USD/JPY’s extended fall last week confirmed short term topping at 158.86. But as a temporary low was formed at 154.97, initial bias is neutral this week first. Risk will stay on the downside as long Read more…
GBP/USD dipped to 1.2099 last week but recovered since then. Initial bias remains neutral this week for consolidations. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.2486 support turned Read more…