Daily Pivots: (S1) 0.6447; (P) 0.6480; (R1) 0.6515; More… AUD/USD’s downside acceleration today confirms short term topping at 0.6551. Intraday bias is now on the downside for 38.2% retracement of 0.5913 to 0.6551 at 0.6307, even as a correction. Strong bounce from there will keep the fall as a corrective move. However, decisive break of […]
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Bank of America data are pointing to a growing imbalance beneath otherwise solid consumer activity in the U.S. economy. Spending data for March suggests households are still actively buying across key categories, reinforcing the view Read more…
USDJPY: ⬆️ Buy USDJPY from the support zone Likely to test resistance levels 160.40 and 161.00 USDJPY currency pair recently reversed from the support zone between the key support level 157.50 (which stopped the previous Read more…
AUDUSD: ⬇️ Sell AUDUSD reversed from key resistance level 0.7190 Likely to fall to support level 0.7100 AUDUSD currency pair recently reversed from the resistance zone between the key resistance level 0.7190 (which has been Read more…