Free Trial
USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 0.8624 High Oct 1
  • RES 3: 0.8595 High Nov 5 and a key resistance
  • RES 2: 0.8574 High Nov 11
  • RES 1: 0.8559 Intraday high
  • PRICE: 0.8514 @ 17:00 GMT Dec 6
  • SUP 1: 0.8480 20-day EMA
  • SUP 2: 0.8446 Low Nov 29
  • SUP 3: 0.8411/8381 Low Nov 26 / Low Nov 22
  • SUP 4: 0.8356 Low Feb 26, 2020

EURGBP erased Friday’s progress ahead of the Monday close, but left technical parameters largely unchanged. The cross traded higher Friday and tested levels above 0.8550. The cross has also breached 0.8544, 76.4 retracement of the Nov 5 - 22 sell-off and this suggests potential for an extension towards a key short-term resistance at 0.8595, the Nov 5 high. Recent gains are still considered corrective however with broader trend signals remaining bearish. First support to watch is 0.8480.