AUD/USD fell to 0.7076 last week but quickly recovered after drawing support from 0.7101. Initial bias stays neutral this week first. On the upside, firm break of 0.7183 resistance will bring stronger rebound to retest 0.7277 high. However, decisive break of 0.7076 will indicate that larger scale correction is underway and target 0.6832 support instead. […]
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USD/JPY’s rebound from 155.01 continued last week but lost momentum after hitting 159.33. Initial bias remains neutral this week first. Above 159.24 will target 160.71 high. Strong resistance is expected from there to start the Read more…
GBP/USD’s recovery was capped at 1.3462 last week. Initial bias remains neutral this week first. On the downside, below 1.3300 will target a retest on 1.3158 support first. However, firm break of 1.3462 will bring Read more…
USD/CHF rebounded to 0.7906 last week but failed to break through 0.7923 resistance and retreated. Initial bias remains neutral this week first. On the downside, firm break of 0.7837 will suggest that the rebound has Read more…