Dec. 26: American session
The number of applications for unemployment benefits in the U.S. last week fell to 338 thousand applications, while analysts expected decline only to 345 thousand, but this did not contributed to the strengthening of the U.S. dollar. On the contrary, after the publication of it weakened against the united European currency. The EUR/USD found support at 1.3680, and then began to recover. Sales are now in session highs, just below the thirty-seventh figure. GBP/USD is trading above 1.6430, which was after heavy purchases, which lasted from the opening of today's trading at 1.6377. Recall that Europe today is not traded.
USD/CHF has somewhat decreased in the U.S. session and is trading around 0.8950. Support is slightly lower, at 5-10 pips. USD/JPY pair today at the opening jumped to 104.90, but now continues to consolidate in a very narrow range of 104.70-104.80.
Aussie came out from Christmas holidays much lower than Tuesday's closing levels. Bears are increasing pressure: AUD/USD pair dropped to the level of 0.8880, tuning into further decline. Moderate falls today and the pair NZD/USD. Trades are in support of 0.8150, which is held in early December. Now it is very likely breaking down.
USD/CAD pair formed a minimum of 1.0615, and then grew to around 1.0640, which so far can only be considered corrective. For a complete change of trend bulls need to overcome the resistance of 1.0655.
Tatiana Norkina, FBS analyst