WEEKLY MAJOR CURRENCY ROUND UP
December 3/2021
ADAUSD: The Australian dollar strongly dip against the greenback after the over circulated announcement the fed chairman made concerning the tightening of monetary policy soon which in turn propelled the policymakers to have intentions of raising rates soon. However, the market has been trading with these sentiments ever since the inception of this trading week.
From a technical analysis outlook, the AUDUSD had been discovered to have found support at the $0.703 price target. Hence the probability of price retracing to the upside in the near term can be predicted.
EURUSD: return bullish price action after the market had been trading on 9 consecutive bearish moves below resistance so far the pair managed to retrace to the upside after finding Support. In the near term, EURUSD may likely be returning to the bullish zone.
GBPUSD: Sterling dip against the greenback after concerns about the omicron struck the entire global financial market.
USDCHF; The was a little unchanged against the Swiss franc as weak market volatility took charge of the market.
USDJPY: dollar fell aggressively against the greenback after the pair faced strong restriction above the ¥114.675 resistance. However, immediate resistance can be found at ¥113.5911 whiLe long term support is found at ¥111.280.
December 3/2021
ADAUSD: The Australian dollar strongly dip against the greenback after the over circulated announcement the fed chairman made concerning the tightening of monetary policy soon which in turn propelled the policymakers to have intentions of raising rates soon. However, the market has been trading with these sentiments ever since the inception of this trading week.
From a technical analysis outlook, the AUDUSD had been discovered to have found support at the $0.703 price target. Hence the probability of price retracing to the upside in the near term can be predicted.
EURUSD: return bullish price action after the market had been trading on 9 consecutive bearish moves below resistance so far the pair managed to retrace to the upside after finding Support. In the near term, EURUSD may likely be returning to the bullish zone.
GBPUSD: Sterling dip against the greenback after concerns about the omicron struck the entire global financial market.
USDCHF; The was a little unchanged against the Swiss franc as weak market volatility took charge of the market.
USDJPY: dollar fell aggressively against the greenback after the pair faced strong restriction above the ¥114.675 resistance. However, immediate resistance can be found at ¥113.5911 whiLe long term support is found at ¥111.280.