Dec. 13: American session
"Black Friday" on most currency pairs, indeed, was black. Almost all the major currency pairs traded in minus today. Thus, the main pair Forex EUR / USD continued to be adjusted and found support just above the 1.3700 figure. At the beginning of the American session bulls tried to restore market after the U.S. Labor announced that producer prices in November fell by 0.1 % compared with October. Currency pair jumped to around 1.3750, but the Bulls still feel insecure. Perhaps correction will continue further. Currently trading is at a session low, in the region of 1.3720. GBP / USD pair has found support at 1.6260. This minimum price values from last two weeks. It is obvious that the correctional phase remains valid, despite today's statements by the Bank of England that the recovery of the British economy will be long.
Very weak growth dynamics shows today pair USD / CHF. Session low at 0.8884 formed. Obviously, the market here has found strong support. But, at the same time, the bulls are in no hurry with fixing above 0.8900 figure, although it would give rise to new purchases of the currency pair in the near future to new levels of resistance 0.8945. USD / JPY pair fell below 103.50 support, on which the whole day trying to gain a foothold, and formed a minimum session in Figure 103.00. This corrective movement to be expected, as the day bulls set new annual extremes in the area of 103.90. Positive attitude of market participants in general, while keeping.
Australian and New Zealander today traded in a very narrow range after yesterday's collapse. The AUD / USD found support at 0.8920. Bulls are going to restore the forces and currently penetrate the upper level of the horizontal corridor - 0.8950. Pair NZD / USD was delayed today the figure 0.8200. Now auctions are held at a session high 0.8265. Very high probability of further appreciation.
Pair USD / CAD falls again today, after the bulls once again failed to take the resistance 1.0666. Bear tempo increases - is losing steam with highs about 60 pips and is close to the figure of 1.0600.
Tatiana Norkina, an analyst at FBS