AUD/USD edged higher to 0.6706 last week but reversed after rejection by 0.6713 fibonacci resistance. The firm break of 55 4H EMA suggests that a short term top could be formed already, and deeper pullback is underway. Initial bias is mildly on the downside this week for 55 D EMA (now at 0.6540). Firm break […]
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Daily Pivots: (S1) 1.3298; (P) 1.3332; (R1) 1.3390; More… GBP/USD retreated sharply after hitting 55 4H EMA, but stays above 1.3216 temporary low. Intraday bias remains neutral and some more consolidations could still be seen. Read more…
Daily Pivots: (S1) 0.7853; (P) 0.7888; (R1) 0.7913; More…. USD/CHF recovers today but stays below 0.7921 temporary top. Intraday bias remains neutral and more consolidations could still be seen. Further rally is still expected as Read more…
Gold (XAU/USD) is down 3.3%, breaking the key $5,000 psychological support level ahead of the FOMC The market anticipates a “hawkish hold” from the Fed, potentially delaying rate cuts to 2027, which remains a key Read more…