As expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at 0.75%.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
Bitcoin: Consolidating between $7,459 and $7,192
GBPUSD: Weakly bullish within 1.2750 – 1.3000 range
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EURUSD: Resistance at 1.1093 looks pivotal
Volatility in the cryptocurrency market remains elevated and while a broadly bearish bias has been established, the LTC/USD may be on the verge of another push to the upside.
AUDUSD: Bulls break above bearish trend line
A bullish stability for the GBP/USD pair awaiting any new catalysts for further gains. During last week's trading, it reached the 1.2950 resistance level before settling around 1.2915 at the time of writing.
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The Euro has gone back and forth during the trading session on Friday, in a sign that the 1.10 level continues to be crucial.
Natural gas markets have broken down over 7% during the trading session on Friday, but the problem that I have with getting overly excited
The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Friday, in what might have been partially due to low volume
USD/JPY Continued its bullish momentum, as investors risk appetite and attention is cautiously moving towards the date and details of the US-China trade agreement; the main driver of financial markets over the past 18 months.
With the markets returning to the full nature of their work after a prolonged US holiday for the Thanksgiving, and investors avoided trading, gold investors are questioning the success of it holding in the face of the USD strength and the return of investors' risk appetite amid optimism of resolving the trade dispute between the United States and China.
For the second day in a row, EUR/USD is trying to correct higher even after Eurozone inflation data for November surprisingly achieved higher than expected gains, and the reaction was limited as the data did not change the pessimistic ECB interest rate expectations.