Here is the technical analysis of GBP/USD, EUR/JPY, silver, and AUD/JPY!
Tag - aud - australian dollar
Asian equity markets began the week indecisively as ongoing COVID-19 concerns and US-China tensions contributed to the cautious mood.
The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.
Countries across the globe shut their borders to Britain on Monday due to fears about a new strain of coronavirus
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK.
The Fed kept rates unchanged, enhanced guidance and refrained from extending the weighted average maturity of purchases
As the middle of the week is passed, the market is mostly bullish, with many currency pairs beating strategic high and lows - a paradise for traders!
Société Générale predicts that the Austrian dollar will rally up in 2021 due to the Australian fast recovery.
Asian equity markets follow suit to the mixed performance in the US where sentiment was pressured and DJIA pulled back from record highs amid lockdown concerns.
There are reasons for traders to be optimistic and sell the USD versus the riskier currencies. However, the advance of EUR/USD, GBP/USD, and AUD/USD became extensive and a correction may happen.
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