Intraday bias in USD/CHF remains mildly on the upside for the moment. Corrective recovery from 0.8038 short term bottom could extend to 38.2% retracement of 0.9200 to 0.8038 at 0.8482. But upside should be limited there. On the downside, break of 0.8038 will resume larger down trend.

Action Forex

25.04.2025

AUD/USD Daily Report - Action Forex

AUD/USD is staying in consolidations below 0.6438 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 0.6302) holds. Above 0.6438 temporary top will resume the rebound from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, sustained trading below 55 D EMA will argue that the rebound has completed and turn bias back to the downside.

Action Forex

25.04.2025

Watch Out for Final April Inflation Expectations - Action Forex

The week concludes with a light macro schedule, where we keep an eye on the University of Michigan's revised April consumer sentiment survey. The preliminary data showed yet another worrying uptick in inflation expectations.

home›Action Forex

Action Forex

Economy

UK retail sales rise 0.4% mom in March, 1.6% qoq in Q1 - Action Forex

USD/CHF Daily Outlook - Action Forex

AUD/USD Daily Report - Action Forex

Watch Out for Final April Inflation Expectations - Action Forex

home
›
Action Forex