Monday 5 December 2022

AUD/USD Daily Report

Daily Pivots: (S1) 0.6747; (P) 0.6791; (R1) 0.6840; More… AUD/USD’s rally is resuming and intraday bias is back on the upside for 0.6871 fibonacci level. For now, outlook will remain bullish as long as 0.6641 support holds, in case of retreat. However, break of 0.6641 will indicate rejection by 0.6871 and turn bias back to […] The post AUD/USD Daily Report appeared first on Action Forex.
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EUR/USD outlook remains positive, likely heading to 1.10 - FOREX.com

Meanwhile, external factors are also helping to weigh on the dollar. The big recovery in Chinese markets and the copper rally all seem to i...