AUD/USD edged lower to 0.6893 last week but quickly recovered. Initial bias stays neutral this week first. Further fall is expected as long as 0.7012 resistance holds. Below 0.6893 will target 6864, and then 100% projection of 0.7277 to 0.6864 from 0.7237 at 0.6824. However, break of 0.7012 resistance will indicate short term bottoming, and […]
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EUR/USD recovered after edging lower to 1.1111, but upside is capped by 1.1276 resistance. Initial bias remains neutral this week and further fall is in favor. Below 1.1111 will extend larger fall from 1.2081 to Read more…
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