4 Global Market Updates- 18 November, 2022

 

In this article, we have covered the highlights of global market news about the EUR/USD, USD/CAD, USD/JPY and AUD/USD.

EURUSD Price Analysis: Bulls remain optimistic over 1.0300 due to RSI divergence inside a neighboring triangle.

Before Friday’s European session, intraday gains for the EURUSD are reduced to around 1.0370. As a result, the major currency pair retreats from the immediate symmetrical triangle’s resistance line and braces for its fifth straight weekly rise.

But to give buyers optimism, a concealed bullish divergence between the EURUSD price and the RSI (14) joins a two-week-old rising trend line.

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