Nov. 25: American session
The pair EUR / USD remains under pressure due to the regular representatives of the ECB comments on the possible strengthening of quantitative easing policy until negative values, despite assurances M.Dragi reverse. The currency pair is adjusted to 50 % of the growth in the last two days, and formed a session low at 1.3490. In general, despite this decrease, bullish direction of movement is still preferred. Trades are just above the 1.3500 figure. On the GBP / USD pair today just took a 50% rollback, which resulted in prices formed a low at 1.6140 mark . The main reason for the decline was the unexpected decline of mortgage approvals in the UK last month. While trading is near session lows and bears are rather serious.
The U.S. dollar strengthened today and against the Swiss franc. Pair USD / CHF is currently trading at a session high, a strong resistance level at 0.9130 . Very high probability of sustaining bull trend in the short term. USD / JPY is consolidating in the U.S. session at daily highs after testing the 100.90 mark . Note that trading is above extrema in the last six months. It is possible that very soon the bulls reach the next resistance level of 102.30.
Currency pair AUD / USD today updated lows , falling to around 0.9124 , and then immediately began to consolidate around 0.9150 . Obviously, market participants will wait tomorrow performances RBA deputy Philip Lowe, who will talk about the possibility of foreign exchange intervention to further curb the growth rate of the national currency. In turn , NZD / USD fell below the lows of the European session , the mark of 0.8185 , but the short-term uptrend is still in force. With the support level 0.8180 bulls can resume corrective recovery of the currency pair.
USD / CAD groped support at 1.0540 early in the session and, apparently, intends to continue the recovery. Now bulls actively storm level 1.0560, consolidation above which would mean their victory and update current 1.0578 highs.
Tatiana Norkina , an analyst at FBS