Cable remains in strong defensive mode and accelerates below 1.17 handle in early Monday, hitting new lowest since March 2020. Fresh dollar’s strength following Fed Powell’s signals of extended period of higher interest rates and slower economic growth, in fight to restore price stability, further deflated sterling, which closed in red for the second consecutive […]
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Daily Pivots: (S1) 1.6576; (P) 1.6613; (R1) 1.6668; More… EUR/AUD’s breach of 1.6631 resistance suggests that consolidation from 1.6800 has completed at 1.6355 already. Intraday bias is back on the upside for retesting 1.6800 resistance. Read more…
Daily Pivots: (S1) 0.9367; (P) 0.9384; (R1) 0.9397; More…. No change in EUR/CHF’s outlook as range trading continues inside 0.9359/9516. Intraday bias remains neutral. On the downside, firm break of 0.9359 will revive the case Read more…
Daily Pivots: (S1) 1.4297; (P) 1.4333; (R1) 1.4372; More… Intraday bias in USD/CAD remains neutral, with focus on 1.4378 resistance. Firm break there will suggest that the correction from 1.4791 has completed, and turn bias Read more…