Daily Pivots: (S1) 1.2042; (P) 1.2131; (R1) 1.2176; More… Intraday bias in GBP/USD is back on the downside with break of 1.2109 support. Sustained trading below 1.2075 fibonacci level would carry larger bearish implication. Fall Read more…
Daily Pivots: (S1) 149.58; (P) 149.73; (R1) 150.02; More… USD/JPY’s rally is in progress and intraday bias stays on the upside. Current rise from 127.20 should target a retest on 151.93 high next. On the Read more…
Daily Pivots: (S1) 0.9130; (P) 0.9163; (R1) 0.9215; More…. Intraday bias in USD/CHF remains neutral for the moment as consolidation from 0.9224 is extending. Deeper retreat cannot be ruled out. But near term outlook will Read more…
Daily Pivots: (S1) 1.3598; (P) 1.3639; (R1) 1.3717; More…. USD/CAD’s break of 1.3693 minor resistance indicates resumption of whole rally from 1.3091. Intraday bias stays on upside for 61.8% projection of 1.3091 to 1.3693 from Read more…
Gold shows incomplete bearish sequence from 5.4.2023 high favoring further downside. Down from 5.4.2023 high, wave (W) ended at 1898.12 and wave (X) rally ended at 1987.42. Gold then resumed lower in wave (Y) with Read more…
Daily Pivots: (S1) 0.6336; (P) 0.6390; (R1) 0.6419; More… AUD/USD’s breach of 0.6330 support indicates resumption of recent down trend. Intraday bias is back on the downside. Current fall from 0.7156 should target 100% projection Read more…
Australian Dollar is facing heavy downward pressure, emerging as the most underperforming currency this week so far. The weak under tone is maintained following RBA’s decision to hold interest rates steady. Both Aussie and Kiwi Read more…
Key Highlights GBP/USD is accelerating lower below the 1.2120 level. A major bearish trend line is forming with resistance near 1.2170 on the 4-hour chart. EUR/USD is also moving lower below the 1.0500 level. The Read more…
In what was Michelle Bullock’s inaugural meeting as Governor, RBA opted to maintain its cash rate target at 4.10%, aligning with broad market expectations. The central bank’s statement carried a hawkish tone, noting that “some Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have Read more…