EUR/USD prints falling wedge around key support line close 1.1800
Generally, EUR/USD is moving downwards. As of late, EUR/USD neglected to break the resistance zone of 1.18200 because of a worldwide worry in a bounce-back in COVID cases. The EUR/USD pair holds the negative position notwithstanding bobbing from its intraday low. The Momentum pointer recuperated inside regrettable levels, however, the RSI marker unites around 44, all of which favor another leg south.
Presently, EUR/USD is moving towards the resistance zone of 1.18200 and the following support zone is at 1.16300. Search for momentary selling chances of EUR/USD if it ricochets off the resistance zone of 1.18200.
GBP/USD: bears cheer Covid, Brexit negativity underneath 1.3700
Generally, GBP/USD is moving downwards. As of late, GBP/USD broke underneath the critical resistance of 1.37 because of a worldwide worry in a bounce-back in COVID cases. The GBP/USD pair trades close the referenced every day low, unfit to recuperate ground. The pair is oversold, however, there are no signs it would shift direction. The RSI marker remains at 26, oversold interestingly since in a month. The pair has two pertinent month-to-month lows in the 1.3660 region, which implies a break beneath it should prompt a more extreme decrease during the impending meetings. GBP/USD’s next support zone is at 1.36000 and the following resistance zone is at 1.38000. Search for momentary selling chances of GBP/USD.
USD/CAD unites ongoing additions around the most elevated levels since February.
USD/CAD merchants assault intraday low close 1.2740, down 0.07% on a day, amid Tuesday’s Asian meeting. The Loonie pair leaped to the most elevated since early February before moving away from 1.2807. By and large, USD/CAD is moving upwards. As of late, USD/CAD reinforced and broke the obstruction zone of 1.26100 because of a worldwide worry in a bounce-back in COVID cases. USD/CAD’s next support zone is at 1.26100 and the following resistance zone is at 1.28500. Search for transient buying chances of USD/CAD. Additionally prone to address USD/CAD bulls is the late December high near 1.2960 and the 1.3000 edges.
AUD/USD: Bears keep 0.7300 on the radar following no report from RBA Minutes, PBOC
Generally, AUD/USD is moving downwards. As of late, AUD/USD debilitated and moved into the support zone of 0.73300 because of a worldwide worry in a bounce-back in COVID cases. Presently, AUD/USD is trying the support zone of 0.73300 and the following resistance zone is at 0.75000. Search for momentary selling chances of AUD/USD on the off chance that it breaks the support zone of 0.73300. AUD/USD needs to remain beneath 0.7340, including tops set apart during September and November 2020, to guide the bear to the October highs close to 0.7245. Something else, the 0.7400 limits and July 09 lows close 0.7410 may draw the countertrend brokers.