Sample Category Title

GBP/USD's rally is in progress and intraday bias stays on the upside for 1.3557 resistance. Firm break there will resume the rise from 1.3139 and target 100% projection of 1.3139 to 1.3557 from 1.3272 at 1.3690. On the downside, though, below 1.3399 will bring deeper fall back to 1.3272 support instead.

In the bigger picture, price actions from 1.3867 are a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is in favor for a later stage, towards 1.4248 key resistance (2021 high). However, firm break of 1.3008 will at least bring deeper fall to 38.2% retracement of 1.0351 to 1.3867 at 1.2524, with increased risk of bearish reversal.

USD/CHF is still bounded in sideway trading and intraday bias remains neutral. . Further rally is expected as long as 0.8029 support holds. Firm break of 0.8205 will extend the rally from 0.7603 to 161.8% projection 0.7603 to 0.8041 from 0.7600 at 0.8469. However, decisive break of 0.8029 will bring deeper fall to channel support (now at 0.7912).

In the bigger picture, focus is now on 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213. Decisive break will argue that USD/CHF is reversing the medium term trend, and turn focus to 0.8332 support turned resistance (2023 low) for confirmation. Nevertheless, rejection by 0.8213 will maintain medium term bearishness for another fall through 0.7603 at a later stage.

No change in AUD/USD's outlook and intraday bias stays on the upside for 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. Firm break there could prompt upside acceleration to 161.8% projection at 0.7183. On the downside, below 0.7020 minor support will turn intraday bias neutral again first.

In the bigger picture, price action from 0.7277 medium term top is seen as developing into a correction to rise from 0.5913 only. While deeper decline cannot be ruled out, downside should be contained by 38.2% retracement of 0.5913 to 0.7277 at 0.6756 to bring rebound. Consolidations would continue below 0.7277 for a while, before an eventual upside breakout.

Intraday bias in USD/CAD remains on the downside for the moment. Rebound from 1.3480 might have completed with three waves up to 1.4247 already. Deeper fall should be seen to 61.8% retracement at 1.3773. On the upside, above 1.4002 support turned resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.4127 resistance holds, in case of recovery.

In the bigger picture, rejection below 61.8% retracement of 1.4791 to 1.3480 at 1.4290 suggests that the pattern from 1.4791 medium term is still extending. Firm break of 55 W EMA (now at 1.3883) will solidify this case, and bring deeper decline through 1.3480 low.

Intraday bias in GBP/JPY remains on the upside for 61.8% retracement of 219.56 to 209.55 at 215.73. Firm break there will pave the way to retest 219.56 high. On the downside, though, break of 211.44 will bring retest of 209.55 low instead.

In the bigger picture, focus is on 55 W EMA (now at 209.10). Strong rebound from there will keep the up trend from 123.94 (2020 low) intact. Another rally is expected through 219.56 at a later stage. However, sustained break of 55 W EMA will argue that it's already in a medium term down trend to 184.35 support.

Intraday bias in EUR/JPY remains on the upside for 61.8% retracement of 187.93 to 179.34 at 184.64. Decisive break there will pave the way to retest 187.93 high. On the downside, however, break of 181.29 will bring deeper fall back to retest 179.34 low.

In the bigger picture, focus is now on 55 W EMA (now at 180.42). Strong rebound from there will indicate that the up trend from 114.42 (2020 low) remains intact. That would set up another rally through 187.93 to 78.6% projection of 124.37 (2022 low) to 175.41 (2025 high) from 154.77 at 194.88. However, sustained break of 55 W EMA will argue that it's already in a medium term down trend to 175.41 resistance turned support and below.

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8528 support will argue that the corrective rebound from 0.8453 has completed, and turn bias back to the downside for retesting this low.

In the bigger picture, rise from 0.8221 (2024 low) should have completed at 0.8863, just ahead of 38.2% retracement of 0.9267 (2025 high) to 0.8221 at 0.8867. Deeper fall would be seen back to 0.8221. For now, outlook will be neutral at best as long as 0.8610 support turned resistance hold.

No change in EUR/AUD's outlook and intraday bias remains neutral. Corrective pattern from 1.6108 (or 1.6125) is still extending. On the upside, above 1.6530 will target 1.6617 resistance first. On the downside, break of 1.6250 will bring deeper fall back to retest 1.6108 low.

In the bigger picture, outlook will stay bearish as long as 1.6842 resistance holds. Fall from 1.8554 (2025 high) is expected to continue to 61.8% retracement of 1.4281 to 1.8554 at 1.5913. Decisive break there will pave the way back to 1.4281 (2022 low). However, firm break of 1.6842 should confirm medium term bottoming, and bring stronger rally.

Outlook is unchanged in EUR/CHF. Intraday bias remains neutral and more consolidations could be seen. Further rally is expected as long as 0.9270 support holds. On the upside decisive break of 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379 will carry larger bullish implications, and target 138.2% projection at 0.9488.

In the bigger picture, considering bullish divergence condition in W MACD, rise from 0.8979 medium term bottom should at least be reversing the fall from 0.9928, with prospect of developing into a medium term up trend. Firm break of 0.9394 resistance will add more credence to this case. For now risk will remain on the upside as long as 0.9094 support holds, in case of retreat.

Reserve Bank of Australia kept its cash rate unchanged at 4.35% for a second straight meeting, arguing its decision by the economic slowdown being in line with expectation.

Weaker than expected Australia’s Q2 inflation contributed to RBA’s decision to stay on hold this month.

Although some board members favored further tightening after the RBA raised interest rates by 75 basis points this year, the central bank opted to stay on hold this time, but Governor Michele Bullock kept a hawkish tone at the post-meeting press conference and signaled possibility that rates may need to go up again, following three rate hikes since January 2026.

The RBA 2026 hikes have fully reversed the amount of policy easing last year, as rising energy costs continued to fuel inflation and hurt the economy, prompting the central bank’s response.

Governor Bullock stressed that the central bank’s primary target remains bringing inflation back to target but pointed to growing risk of further escalation in the Middle East which would continue to inflate oil prices and cause a domino-effect on economies through elevated inflation that may prompt RBA to hike rates again.