EUR/AUD edged lower to 1.6421 last week but recovered. Initial bias remains neutral this week first. On the downside, sustained break of 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 will extend larger down trend to 161.8% projection at 1.6042 next. However, considering bullish convergence condition in 4H MACD, firm break of 1.6691 […]
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Despite the intra-week dip, AUD/USD is still holding in range of 0.6896/7146. Initial bias remains neutral this week first. While more consolidations would be seen, outlook stays bullish with 0.6896 support intact. On the upside, Read more…
USD/CAD’s late decline last week suggests that consolidation pattern from 1.3480 has completed with three waves up to 1.3751, after hitting 55 D EMA (now at 1.3714). Initial bias is back on the downside this Read more…
GBP/JPY gyrated in tight range below 212.10 temporary top last week. Initial bias remains neutral this week first. Overall, price actions from 214.98 are seen as a corrective pattern that could extend further. On the Read more…