Risk remains on the downside in AUD/USD with 0.7026 resistance intact, and retest of 0.6864 low should be seen next. Corrective rebound from 0.6864 should have completed at 0.7026, after rejection at 55 D EMA. Firm break of 0.6864 will resume the whole decline from 0.7277 to 61.8% projection of 0.7277 to 0.6864 from 0.7026 […]
The post AUD/USD Daily Report appeared first on ActionForex.
Market Overview The crypto market capitalisation remained at $2.19T, showing little change over the past 24 hours, despite fairly volatile movements in the stock market. The market remains above its 50-day moving average, continuing to Read more…
While EUR/USD rebounded strongly, it’s still staying below 1.1499 support turned resistance. Intraday bias remains neutral and outlook stays bearish. On the downside, break of 1.1323 will resume the fall from 1.2081 to 100% projection Read more…
Intraday bias in USD/JPY stays neutral and outlook is unchanged. Consolidations should be brief as long as 55 4H EMA (now at 163.29) holds. Above 153.97 will resume larger up trend to 138.2% projection of Read more…