AUD/USD’s strong rebound last week indicates short term bottoming at 0.6893. With late breach of 0.7035 temporary top, initial bias is back on the upside. Sustained break of 38.2% retracement of 0.7237 to 0.6893 at 0.7024 will argue that fall from 0.7237 has completed, and target 61.8% retracement at 0.7106. On the downside, below 0.6986 […]
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EUR/USD stayed in sideway consolidations last week and outlook is unchanged. Initial bias remains neutral this week first, and further decline is expected with 1.1276 resistance intact. . Below 1.1111 will extend larger fall from Read more…