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NZD/USD: Likely to weaken to 0.5585 – UOB Group
New Zealand Dollar (NZD) could continue to weaken, but any decline is likely limited to a test of 0.5585. In the longer run, given the sharp increase in downward momentum, NZD is likely to weaken to 0.5585, potentially 0.5565, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Nov 20
AUD/USD: Likely to trade between 0.6450 and 0.6510 – UOB Group
Australian Dollar (AUD) is likely to trade between 0.6450 and 0.6510. In the longer run, downward bias remains intact, but AUD must close below 0.6440 before a move to 0.6405 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Nov 20
USD/CAD Price Forecast: Remains near 1.4050 within ascending channel
USD/CAD moves little after registering more than 0.5% gains in the previous session, trading around 1.4060 during the European hours on Thursday. The daily chart’s technical setup reflects a revived bullish bias, with the pair rebounding within its ascending channel pattern.
Fxstreet
Thu, Nov 20
AUD/USD trades subduedly near 0.6470 ahead of US NFP data
The AUD/USD pair trades marginally lower to near 0.6470 during the European trading session on Thursday. The Aussie pair is under slight pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades firmly near its over five-month high around 100.30.Fxstreet
Thu, Nov 20
GBP/USD: Unlikely to break below 1.3000 – UOB Group
Pound Sterling (GBP) could decline further; deeply oversold conditions suggest it is unlikely to break below 1.3000. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Nov 20
EUR/JPY Price Forecast: Eyes 182.00 after hitting record highs
EUR/JPY extends its winning streak for the fourth successive session, reached fresh all-time high of 181.73 and currently trading around 181.40 during the early European hours on Thursday. The currency cross moves upwards within the ascending channel pattern, suggesting a persistent bullish bias.
Fxstreet
Thu, Nov 20
EUR/GBP softens below 0.8850 despite growing expectations of BoE rate cut
The EUR/GBP cross loses momentum to near 0.8820 during the early European session on Thursday. Nonetheless, the potential downside for the cross might be limited, as weakening UK economic data have increased expectations for a Bank of England (BoE) interest rate cut in December.
Fxstreet
Thu, Nov 20
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