Daily analytical report (23/11/16)

Posted On 23 Nov 2016

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Correction for USD is now selective. Some instruments are weaker but some are stronger against the USD. The situation has changed a lot since Monday.

CAD and NOK are losing due to the reversal on oil.

Reversal on oil is caused by the unclear OPEC agreement. We still do not know about Iraq and Iran.

Gold and silver are doing what they can to defend the supports, but technical analysis suggests that we could have a sharp downswing quite soon.

AUDUSD reached the first resistance at 0.744 and we already could see a bearish reaction there.

NZDUSD managed to test the neckline from the bottom, twice. 2-0 to the sellers.

Source:: Daily analytical report (23/11/16)

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