Optimism dominates over the global markets as vaccination begins in the UK, and a new stimulus package is expected in the US. Strong economic data from China has a positive impact on the commodity currencies, which may continue to push the pair up.
Technical side:
The price is above …
The currency pair is trading in the range of the upper limit of a descending price channel on the weekly timeframe (W1).
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On the H1 timeframe, an ascending M15 level pattern is truncated, and Stochastic Oscillator signals an overbought condition. …
Tuesday, December 8th, today’s news—the uncertainty of Brexit outlook weighs on the markets, the pandemic is escalating in Europe and the world. The markets are mixed, vaccine rollout continues to be a positive factor, supermarket sales in the UK rose 10% in November, the dollar is stronger. The price of …
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