Daily Pivots: (S1) 1.6494; (P) 1.6557; (R1) 1.6638; More… Immediate focus is now on 1.6331 resistance as EUR/AUD’s rebound from 1.6355 extends. Break there would suggest that corrective pattern from 1.6800 has already completed, and turn bias to the upside for retesting this high. Firm break there will resume the rally from 1.5963. In case […]
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EUR/USD climbed to 1.0504 on Wednesday, nearing its monthly high of 1.0528. The pair gained momentum following positive news from Germany, fuelling market optimism. Key factors driving EUR/USD Reports have emerged suggesting that Germany is Read more…
USD/JPY retains support around 149.00 after slide to four-month low. Trend signals are negative, but a pause might be possible in short term. USDJPY slid to a four-month low of 148.59 on Tuesday but managed Read more…
The Australian dollar has declined by 0.37% on Wednesday and is trading at 0.6320 in the European session. AUD/USD is down for a fourth consecutive trading day and has lost 1.2% during that time. January Read more…