Source: PaxForex Premium Analytics Portal, Technical Insight The AUDUSD pair has dropped to near 0.6640 in the Asian session as a sheer decline in risk appetite has impacted risk-perceived assets. The asset is declining after facing barricades around 0.6720 as the US dollar index (DXY) added gains further. The DXY has refreshed its weekly high at 107.38 and is expected to add more gains ahead. AUD/USD,D1 Pivot: 0.6671 Analysis: Provided that the currency pair is above 0.6520, follow the recommendations below: Time frame:...
Source: PaxForex Premium Analytics Portal, Technical Insight UK Retail Sales jump 0.6% MoM in October vs. 0% expected. GBP/CHF,D1 Pivot: 1.1331 Analysis: While the price is above 1.1200, follow the recommendations below: me frame: D1 Recommendation: long position Entry point: 1.1331 Take Profit 1: 1.1600 Take Profit 2: 1.1965 Alternative scenario: If the level of 1.1200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1200 Take profit 1: 1.0900...
Source: PaxForex Premium Analytics Portal, Technical Insight A Reuters poll sees the Reserve Bank of New Zealand hiking by 75Bps next week. Stubbornly high inflation expectations reinforced the case for more aggressive rate hikes from the Reserve Bank of New Zealand. NZD/CAD,D1 Pivot: 0.8219 Analysis: As long as the price is above 0.8050 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8249 Take Profit 1: 0.8300 Take Profit 2: 0.8400 Alternative scenario: If the level of...
Source: PaxForex Premium Analytics Portal, Technical Insight Today's FX highlight will be the UK's Autumn Statement. Given that the UK's bond market has largely regained its composure from the sell-off in September, analysts at ING struggle to see what upside there is for the Sterling today. GBP/CAD,D1 Pivot: 1.5883 Analysis: While the price is above 1.5580, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5883 Take Profit 1: 1.6000 Take Profit 2: 1.6200...
Source: PaxForex Premium Analytics Portal, Technical Insight ECB: Another upward surprise seems necessary to keep the 75 bps hiking pace going. EUR/CAD,D1 Pivot: 1.3838 Analysis: As long as the price is above 1.3700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3838 Take Profit 1: 1.4000 Take Profit 2: 1.4200 Alternative scenario: If the level of 1.3700 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry...
