Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
Daily Market Analysis
Information is not investment advice
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
Last week AUD/USD managed to take off from the 0.7660 area. Then it consolidated between 0.6855 and 0.6810.
What will happen to the emerging markets in 2020.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
XAU/USD ran into the resistance of the 50-day MA in the 1,481.65 area. Learn more!
What will move markets at the end of the year.
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday.
OPEC will hold another meeting on December 5-6. This article examines the possible outcomes of this meeting in the context of one of the primary influence factors.
EUR/USD was supported in the 1.0990 area last week. The support was strengthened by the fact that the attempted breakout of this level failed.
NZDCAD has been rising today, a bearish reversal possible soon