USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
AUD/USD: 'V-Bottom' pushing price higher
Information is not investment advice
The pair has been rising since the last 'V-Bottom' was formed. Also, the market broke all the Moving Averages and there's no any reversal pattern so far. In this case, we should watch the next resistance at 0.7163 as an intraday target. The subsequent pullback from this level could lead to a downward correction in the direction of the previously tested support at 0.7097.
Sergey Logachev
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USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
OPEC+ decision is in focus
Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them.
Cable inches towards key resistance near 1.3400
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
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