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EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – December 13, 2017

EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – December 28, 2017

EUR/USD

The pair was slightly negative during the Tuesday’s session as it reached towards the 1.1750 level. The volatility in the counter is mainly due to the Federal Reserve releasing its interest rate hike announcement later in the day today. A hawkish outlook will make this market to fall lower. The 1.17 level is going to be the massive support zone for this market and if it breaks below, it will be very negative for the market. The break above 1.18 level is going to be positive scenario for the market, which will send the market towards 1.20 level. …Read More

GBP/USD

The British pound was choppy during the Tuesday’s session as it hovered just above the 1.3333 level. The break below this level will send the market towards the 1.32 level. This is mainly due to the Federal Reserve coming out with rate hike policy decision. Alternatively, if this market breaks above the 1.34 level then it will send the market towards the 1.35 level. The 1.31 level underneath is going to be the floor of this market. …Read More

AUD/USD

The market rallied mostly during the day on Tuesday reaching towards the 0.76 level but later took a negative turn as stronger CPI data came out from the US. A hawkish outlook from today’s Fed meeting will break this market to reach the 0.75 level and below. A dovish outlook will help the market to sustain the rally but with a limited upside as 0.7650 level is massively resistive. Going ahead, selling pressure will influence the market in any rallies. …Read More

USD/JPY

The USD initially went sideways during the Tuesday’s session but then drifted higher as better than anticipated CPI data came out from the United States. This will make the case strong before Federal Reserve for interest rate hike. A hawkish outlook will eventually send this market towards the 114.50 level which is massively resistive extending up to the 115 level. A break above from here will send this market towards the 120 level. The support for the pair is at 112 level underneath which is also the floor of this market. …Read More

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This article was originally posted on FX Empire

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