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    Daily Forex Analysis - 27 November 2020

    Abstract:Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
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      USD Overview (27 November 2020)

      Yesterday, USD strengthened against most major currencies except JPY and CHF.

      OPEC meetings will be held next Monday.

      NZD/USD Outlook (27 November 2020)

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      Overall, NZD/USD is trending upwards. Recently, NZD/USD has been ranging across within the resistance zone of 0.70000.

      The New Zealand ANZ Business Confidence data (Forecast: NA, Previous: -15.6) will be released next Monday at 0800 (SGT).

      OPEC meetings will be held next Monday.

      Currently, NZD/USD is testing the resistance zone of 0.70000 and the next support zone is at 0.67900.

      Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.70000.

      AUD/USD Outlook (27 November 2020)

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      Overall, AUD/USD is trending upwards. Recently, AUD/USD has been ranging across.

      OPEC meetings will be held next Monday.

      Currently, AUD/USD is moving towards the resistance zone of 0.73900 and the next support zone is at 0.72200.

      Look for short-term buying opportunities of AUD/USD if it breaks the resistance zone of 0.73900.

      USD/JPY Outlook (27 November 2020)

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      Overall, USD/JPY is ranging across.

      OPEC meetings will be held next Monday.

      Currently, USD/JPY is testing the next support zone of 104.200 and the next resistance zone is at 106.300.

      Look for short-term buying opportunities of USD/JPY if it bounces off the support zone of 104.200.

      EUR/USD Outlook (27 November 2020)

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      Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.19.

      The French preliminary CPI and GDP data will be released later at 1545 (SGT).

      - French Preliminary CPI m/m (Forecast: 0.0%, Previous: 0.0% revised from -0.1%)

      - French Preliminary GDP q/q (Forecast: 18.2%, Previous: 18.2%)

      OPEC meetings will be held next Monday.

      EUR/USDs next support zone is at 1.17900 and the next resistance zone of 1.19800.

      Look for short-term buying opportunities of EUR/USD.

      GBP/USD Outlook (27 November 2020)

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      Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced down from the key level of 1.34.

      OPEC meetings will be held next Monday.

      GBP/USDs next support zone is at 1.32200 and the next resistance zone is at 1.34600.

      Look for short-term buying opportunities of GBP/USD.

      USD/CAD Outlook (27 November 2020)

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      Overall, USD/CAD is trending downwards. Recently, USD/CAD has been ranging across within the support zone of 1.30300.

      OPEC meetings will be held next Monday.

      Currently, USD/CAD is testing the support zone of 1.30300 and the next resistance zone is at 1.32200.

      Look for short-term selling opportunities of USD/CAD if it breaks the support zone of 1.30300.

      GBP/JPY Outlook (27 November 2020)

    image.png

      Overall, GBP/JPY is trending upwards. Recently, GBP/JPY bounced off the resistance zone of 140.000.

      OPEC meetings will be held next Monday.

      Currently, GBP/JPY is testing to break below the key level of 139. Its next support zone is at 137.500 and the next resistance zone is at 140.000.

      Look for short-term buying opportunities of GBP/JPY if it bounces up from the key level of 139.

      EUR/JPY Outlook (27 November 2020)

    image.png

      Overall, EUR/JPY is ranging across. Recently, EUR/JPY bounced off the resistance zone of 124.750.

      The French preliminary CPI and GDP data will be released later at 1545 (SGT).

      - French Preliminary CPI m/m (Forecast: 0.0%, Previous: 0.0% revised from -0.1%)

      - French Preliminary GDP q/q (Forecast: 18.2%, Previous: 18.2%)

      OPEC meetings will be held next Monday.

      Currently, EUR/JPY is bouncing up from the key level of 124. Its next support zone is at 122.600 and the next resistance zone is at 124.750.

      Look for short-term buying opportunities of EUR/JPY.

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
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