Daily Pivots: (S1) 0.6477; (P) 0.6514; (R1) 0.6562; More… Breach of 0.6545 temporary top suggest that AUD/USD’s rally from 0.5913 is resuming. Intraday bias is mildly on the upside for 0.6713 fibonacci level. However, break of 0.6455 support will turn bias back to the downside for deeper pullback. In the bigger picture, AUD/USD is still […]
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EURUSD stabilizes after 3½-year high as Middle East tensions escalate. Technical picture continues to favor the bulls; next barrier likely near 1.1685. EURUSD surged to a three-and-a-half-year high of 1.1630, following weaker-than-expected U.S. inflation data Read more…
Gold trades within a narrow range on Tuesday morning, following almost 2% drop on Monday and daily close below psychological $3400 support (reverted to resistance and caps the action for now). Surprise drop despite escalation Read more…
This morning, the Bank of Japan (BOJ) released its interest rate decision, keeping the rate unchanged as widely expected. According to Forex Factory, the BOJ Policy Rate remains at 0.5%. BOJ Governor Kazuo Ueda noted Read more…