Daily Pivots: (S1) 148.55; (P) 149.65; (R1) 150.37; More… Intraday bias in USD/JPY stays on the downside at this point. Fall from 158.85 is seen as the third leg of the pattern from 161.94 high. Deeper decline should be seen to 61.8% retracement of 139.57 to 158.86 at 146.32 next. On the upside, above 150.72 […]
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Germany’s Ifo Business Climate Index was unchanged at 85.2 in February, falling short of expectations for a rise to 85.8. The data reflects that businesses are still “skeptical” about the outlook, “waiting to see how Read more…
The EUR/USD chart shows the euro rising above its previous February peak of 1.05155, set on the 14th. On one hand, the euro’s strength is driven by Germany’s national elections over the weekend, where the Read more…
AUD/USD is attempting a fresh increase from the 0.6350 support. NZD/USD is also rising and could aim for a move above the 0.5800 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar Read more…