Daily Forex Analysis - 29 December 2020

Daily Forex Analysis - 29 December 2020

Yesterday, USD strengthened against most major currencies except AUD and CHF.To get more news about WikiFX, you can visit wikifx official website.

  It was reported earlier that the House of Representative has passed the bill for $2,000 stimulus checks, a significant increase from the previous stimulus checks of $600.Overall, NZD/USD is ranging across. Recently, NZD/USD bounced up from the key level of 0.71.

  NZD/USDs next support zone is at 0.70000 and the next resistance zone is at 0.72000.Overall, AUD/USD is trending upwards. Recently, AUD/USD broke below the key level of 0.76.

  Currently, AUD/USD is testing to break above the key level of 0.76. Its next support zone is at 0.73900 and the next resistance zone is at 0.76800.Overall, USD/JPY is ranging across. Recently, USD/JPY bounced off the support zone of 103.400.

  USD/JPYs next support zone is at 103.000 and the next resistance zone is at 104.600.Overall, EUR/USD is trending upwards. Recently, EUR/USD bounced up from the key level of 1.22.

  Currently, EUR/USD is bouncing off the support zone of 1.21800 and the next resistance zone is at 1.24800.Overall, GBP/USD is ranging across. Recently, GBP/USD moved into the support zone of 1.34600.

  Currently, GBP/USD is bouncing off the support zone of 1.34600 and the next resistance zone is at 1.38160.