EUR/GBP’s extended decline last week suggests that rebound from 0.8453 has already completed as a corrective move at 0.8611. Initial bias stays on the downside this week for retesting 0.8453 low and then 61.8% projection of 0.8728 to 0.8453 from 0.8611 at 0.8441. Firm break there will target 100% projection at 0.8336. On the upside, […]
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AUD/USD’s fall from 0.7237 extended to 0.6903 last week but recovered since then. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 0.7038 resistance holds. Below Read more…
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USD/CAD’s rise from 1.3730 continued last week and breached 1.4247 high. Initial bias remains on the upside this week. Sustained trading above 1.4247 will target 100% projection of 1.3480 to 1.4247 from 1.3730 at 1.4497. Read more…