Daily Pivots: (S1) 1.7527; (P) 1.7591; (R1) 1.7709; More… EUR/AUD’s break of 1.7628 resistance argues that fall from 1.8554 might have completed as a correction at 1.7245. Intraday bias is back on the upside for 38.2% retracement of 1.8554 to 1.7245 at 1.7745. Firm break there will solidify this bullish case and target 61.8% retracement […]
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EUR/USD’s price actions from 1.1572 are seen as a corrective pattern to rally from 1.0176, which might still be extending. On the upside, above 1.1417 will bring retest of 1.1572 first. On the downside, below Read more…
USD/JPY gyrated in range of 142.10/148.64 last week. Initial bias remains neutral this week first. On the upside, above 146.27 will target 148.64 resistance first. Firm break there will resume the rebound from 139.87. Nevertheless, Read more…
GBP/USD edged higher to 1.3592 last week, but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.3389 support holds. Break of 1.3592 will resume larger Read more…