Dec. 11: American session
European single currency remains in force in today's trading . Since the beginning of the American session, the pair EUR / USD came out sideways consolidation , breaking the upper limit of the range - 1.3770 . Bulk purchases led to a sharp increase in the figure to 1.3800 , but this was followed immediately selling that returned to daylight level 1.3770 . Unless there is a consolidation above this mark , the market may soon turn in the downward direction . The fact is that on a daily and four-hour timeframe occurs (but has not happened yet ) candlestick pattern formation " tweezers " on a very important resistance levels . Today , the U.S. Treasury will report on the budget execution . At this point, the strong fluctuations could happened. Currency pair GBP / USD suddenly collapsed under the support of 1.6370 and is now trading at 1.6360 . Session low was formed at the level of 1.6335 . This decrease is explained by a pair of correction due to the closure of short-term market participants long positions.
USD / CHF has re- configured to a continuation of the downtrend. Consolidation, which lasted throughout the day , goes into a steep fall. Currency pair managed to update yesterday's lows and is trading at a session low of 0.8850 . USD / JPY has not kept above 102.50 support and fell to 102.30 , forming here at least the last three days. Probably the bulls are not quite ready to new purchases - correction tends to continue .
Very negative statistical data on consumer sentiment , released this morning , had a " disservice " service to the Australian dollar. The AUD / USD dropping , punching recent support 0.9080 . Minimum days formed at 0.9047 . NZD / USD is not far behind her which is currently trading 90 pips below today's opening levels . Prices in the U.S. session tested the 0.8200 figure . During the session, expected meeting of the Reserve Bank of New Zealand. The issues of interest rate and further monetary policy will be solved.
USD / CAD pair corrected to 1.0620 day high after it formed in the session low 1.0585 - this is where there is a fairly good level of support that can stop the corrective fall.
Tatiana Norkina, FBS analyst.