EUR/USD
The pair traded in a very tight range yesterday and during the Asian trading session today below 61.8% correction at 1.3230. Based on Fibonacci rules, stabilizing below 61.8% correction favors further bearishness towards 76.4% - 78.6% corrections at 1.3050 - 1.3020.
Linear Regression Indicators are negative and support the possibility of extending the downside move, but Stochastic and RSI are trading in oversold areas, hence, the downside move doesn't require stability above 1.3300 and the pair should stabilize below 1.3230 to strengthen the bearish possibility.
GBP/USD
The pair is moving gradually to the upside and is almost testing 1.6625, and stabilizing below it is the main catalyst to extend the bearish correctional move targeting 1.6285 on the short term. The current positivity of momentum indicators explains the latest bullish bias, as breaching 1.6625 pushes the pair towards 1.6810 before any new bearish attempt.
AUD/USD
The pair dropped after testing the resistance of the intraday descending channel showing on graph, as the pair is under negative pressure from SMA 50 and 100 supporting extending the bearish intraday expectations with the main next target 0.9190. Of note, breaching 0.9310 then 0.9340 pushes the pair to turn bullish intraday and halt the current bearish correction.
