NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel).
Tag - usd
The day will be highlighted by American economic releases.
Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR is falling against the GBP, rising against the USD but not for long
British trade balance data and German ZEW Economic Sentiment Index may drive GBP and EUR accordingly today.
USD/MXN has found itself within a rather steep downtrend. The pair has topped at 19.6550 at the end of November and during the last several days dropped below the 100-, 50- and 200-day MAs.
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
The UK Parliament election, American and European interest rates announcements and monetary policy press conferences - all of these are going to take place this week.
USD/BRL has started the week with a substantial move to the downside. The pair formed a lower high last week, thus the price action strongly resembles the “Head and Shoulders” pattern.
Take a look at the technical set-ups of EUR/USD, NZD/USD, USD/CAD, and USD/CHF.
Last week AUD/USD managed to take off from the 0.7660 area. Then it consolidated between 0.6855 and 0.6810.
The Federal Funds Rate is announced at 21:00 MT time on December 11.