AUD/USD Daily Report

AUD/USD’s rally is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 0.6663) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for confirmation. On the downside, below 0.6595 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 0.6521 resistance turned support holds.


JOIN WITH THE GLOBAL MARKET LEADER BROKER
https://one.exness-track.com/b....oarding/sign-up/a/uq

EUR/CHF Daily Outlook


Intraday bias in EUR/CHF remains neutral as it’s still stuck in sideway trading. Overall, further rally is expected with 0.9595 support intact. Decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9595 support will turn bias back to the downside for deeper pull back.


JOIN WITH THE GLOBAL MARKET LEADER BROKER
https://one.exness-track.com/b....oarding/sign-up/a/uq

EUR/AUD Daily Outlook


Further decline is expected in EUR/AUD with 1.6662 resistance intact. Firm break of 1.6449 support will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is ready to resume through 1.6319. On the upside, above 1.6662 minor resistance will turn bias back to the upside for 1.6844 resistance instead.


JOIN WITH THE GLOBAL MARKET LEADER BROKER
https://one.exness-track.com/b....oarding/sign-up/a/uq

EUR/GBP Daily Outlook


No change in EUR/GBP’s outlook. Intraday bias stays on the downside at this point. Decisive break of 0.8648 support will argue that whole rise from 0.8491 has completed and turn near term outlook bearish. Nevertheless, break of 0.8706 minor resistance will retain near term bullishness and bring retest of 0.8764 instead.


JOIN WITH THE GLOBAL MARKET LEADER BROKER
https://one.exness-track.com/b....oarding/sign-up/a/uq

EUR/JPY Daily Outlook

Intraday bias in EUR/JPY remains on the downside at this point. Corrective fall from 164.29 is in progress and deeper decline should be seen to 100% projection of 164.29 tot 161.22 from 163.77 at 160.63 and possibly below. But strong support should be seen from 159.75 resistance turned support to bring rebound. Nevertheless, for now, risk will stay on the downside as long as 163.70 resistance holds, in case of recovery.

JOIN WITH THE GLOBAL MARKET LEADER BROKER
https://one.exness-track.com/b....oarding/sign-up/a/uq