Aussie Dollar Reaching Top?

The pick of the day is AUD/USD as the pair broke above the 50% Fibonacci level today, remaining above the Ichimoku cloud parting ways with the upward moving Tenkan and Kijun moving averages. The daily RSI is reaching the overbought zone, suggesting we may have reached a top for shorter period, so if you are a shorter term trader in a long position, you might want to consider taking profit at the 0.93 level. For longer term traders, a break above the 61% Fibonacci level on the daily dance floor could take the pair higher towards the top of November 2013 at 0.97130. Now a sudden change in the direction and a break below 0.90724 could alter our bullish perspective with 0.88922 and 0.86825.

In the overnight session, Asian markets took the bait and rallied on the positive US data. This was reinforced by beliefs that Beijing would step in with policy action to spur domestic consumption and boost growth. Meanwhile Japanese and South Korean leaders have been sitting down with President Obama to thaw out their icy relations and try and find a common ground to deal with North Korea, who launched two mid-range missiles into the Japan sea overnight.

Today’s economic calendar is restricted to regional European data, though that does include Italian retail sales and consumer confidence, followed by US mortgage numbers, expected lower because of the weather, services PMI numbers and durable goods orders, which should all have an impact on Wall Street. Jack Lew, Treasury Secretary, will be testifying at the House of Representatives, which could also spark some debate.

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Short-term Intraday Technical Forex Levels

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.3775

Our preference: Long positions above 1.3775 with targets @ 1.3845 & 1.388 in extension.

Alternative scenario: Below 1.3775 look for further downside with 1.3745 & 1.372 as targets.

Comment: The pair is facing a pull back ahead of a rebound.

Supports and resistances:
1.393
1.388
1.3845
1.3799 Last
1.3775
1.3745
1.372

GBP/USD Intraday: the upside prevails

Pivot: 1.6505

Our preference: Long positions above 1.6505 with targets @ 1.6555 & 1.658 in extension.

Alternative scenario: Below 1.6505 look for further downside with 1.646 & 1.643 as targets.

Comment: The pair stands above its support and remains on the upside.

Supports and resistances:
1.6605
1.658
1.6555
1.654 Last
1.6505
1.646
1.643

USD/JPY Intraday: the upside prevails.

Our preference: Long positions above 102 with targets @ 102.45 & 102.65 in extension.

Alternative scenario: Below 102 look for further downside with 101.75 & 101.45 as targets.

Comment: The pair stands above its support and remains on the upside.

Supports and resistances:
102.85
102.65
102.45
102.325 Last
102
101.75
101.45

USD/CHF Intraday: bullish bias above 0.881.

Our preference: Long positions above 0.881 with targets @ 0.887 & 0.889 in extension.

Alternative scenario: Below 0.881 look for further downside with 0.8785 & 0.8765 as targets.

Comment: The pair remains on the upside and is approaching its resistance.

Supports and resistances:
0.891
0.889
0.887
0.8859 Last
0.881
0.8785
0.8765

NZD/USD Intraday: further upside

Our preference: Long positions above 0.8565 with targets @ 0.864 & 0.8675 in extension.

Alternative scenario: Below 0.8565 look for further downside with 0.853 & 0.85 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:
0.87
0.8675
0.864
0.8607 Last
0.8565
0.853
0.85

USD/CAD Intraday: under pressure.

Our preference: Short positions below 1.118 with targets @ 1.111 & 1.108 in extension.

Alternative scenario: Above 1.118 look for further upside with 1.121 & 1.1245 as targets.

Comment: as long as the resistance at 1.118 is not surpassed, the risk of the break below 1.111 remains high.

Supports and resistances:
1.1245
1.121
1.118
1.1144 Last
1.111
1.108
1.104

FunnelHubSupport

Bitcoin Drops Entering 2026: Is It Still Worth Investing? The Answer Most Investors Miss

January 2, 2026 No Comments

Bitcoin has entered 2026 under pressure, with prices pulling back after a volatile period that left many investors questioning whether the opportunity has passed. Headlines are once again split between fear and optimism, with some calling the recent drop a warning sign and others viewing it as a healthy reset.

Unlike speculative assets that rely on constant growth stories, Bitcoin’s relevance continues to rest on its role as a scarce, decentralised digital asset that operates outside traditional financial systems. The key question for investors now is not whether Bitcoin will remain volatile – but whether this moment represents risk, opportunity, or something most investors misunderstand.

3 Bullish And 3 Risky Forces Shaping American Express Stock (AXP) Into 2026

December 26, 2025 No Comments

American Express is often viewed as a mature, well understood credit card company, but its role in the financial system is broader than many investors realize.

It sits at the center of consumer spending, business payments, travel, credit risk, and data driven decision making. As these areas evolve, the dynamics shaping American Express stock are becoming more complex and, in some cases, less obvious.

Premium consumer behavior, business spending patterns, regulatory scrutiny, and technological change are all influencing how payment companies operate and compete.

Micron Stock Surges After Blowout Earnings: Is MU Still A Buy In 2026?

December 19, 2025 No Comments

Micron Technology (NASDAQ: MU) has quietly become one of the most important companies supporting the AI boom – even if it doesn’t receive the same attention as Nvidia or other high-profile AI names.

While much of the focus is on GPUs and AI software, Micron operates behind the scenes, supplying the memory that allows AI systems, data centres, and cloud platforms to function at scale.

Following a strong earnings update, Micron’s stock surged and quickly returned to the centre of market attention. The rally reflects growing confidence that the company’s strategic shift away from lower margin consumer products toward higher-value enterprise and data-centre memory is gaining traction.

Why Big Tech Is Quietly Buying Western Digital (WDC) Stock

December 12, 2025 No Comments

Western Digital Corporation (WDC) has been on a tear, its stock price soaring over 270% year-to-date as of early December 2025.

This massive growth isn’t just hype; it’s fueled by a perfect storm of events, including the strategic spin-off of its flash business, SanDisk, and an insatiable global demand for data storage driven by the AI revolution.

As a now “pure-play” Hard Disk Drive (HDD) manufacturer, WDC is uniquely positioned as the landlord for the internet’s exploding data. But with such a meteoric rise, is there still room for growth, or is the stock overheated?

Marvell (MRVL) Stock: The Hidden AI Powerhouse Wall Street Keeps Underestimating

December 5, 2025 No Comments

Marvell Technology (NASDAQ: MRVL) is quickly becoming one of the most important companies in the AI infrastructure space – even though many investors still aren’t sure what the business actually does.

While most headlines focus on Nvidia and its GPUs, Marvell builds the networking, optical, and custom silicon chips that help AI models move data faster and run more efficiently. In its latest earnings report, Marvell posted strong double-digit growth in its data center business and shared bold guidance for the next few years, sending MRVL stock higher.

2 Months Ago Oracle Stock (ORCL) Was Flying And Now… The Mood Has Flipped. Is A Comeback Still On The Table?

November 28, 2025 No Comments

Oracle is one of the biggest names in enterprise software and cloud services. They power databases used by governments, banks, hospitals, airlines, and global corporations. For years they were known for steady tech growth, not big surprises.

Then something wild happened.

Only two months ago Oracle stock was flying. Analysts cheered. AI deals stacked up. The company felt like it had finally stepped into a new era.

Now the mood has flipped.