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    Daily Forex Analysis - 29 December 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 (29 December 2020)

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

      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.

      NZD/USD Outlook (29 December 2020)

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      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.

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

      AUD/USD Outlook (29 December 2020)

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      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.

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

      USD/JPY Outlook (29 December 2020)

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      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.

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

      EUR/USD Outlook (29 December 2020)

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      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.

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

      GBP/USD Outlook (29 December 2020)

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      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.

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

      USD/CAD Outlook (29 December 2020)

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      Overall, USD/CAD is trending downwards.

      Currently, USD/CAD is moving towards the support zone of 1.27900 and the next resistance zone is at 1.29800.

      Look for short-term buying opportunities of USD/CAD if it bounces off the support zone of 1.27900.

      GBP/JPY Outlook (29 December 2020)

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      Overall, GBP/JPY is ranging across. Recently, GBP/JPY moved into the support zone of 140.000.

      Currently, GBP/JPY is testing the support zone of 140.000 and the next support zone is at 142.200.

      Look for short-term buying opportunities of GBP/JPY if it rejects the support zone of 140.000.

      EUR/JPY Outlook (29 December 2020)

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      Overall, EUR/JPY is trending upwards. Recently, EUR/JPY trended into the resistance zone of 126.700.

      Currently, EUR/JPY is testing the resistance zone of 126.700 and the next support zone is at 124.750.

      Look for short-term buying opportunities of EUR/JPY if it breaks the resistance zone of 126.700.

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