4 Global Market Updates- 8 December, 2022

 

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

USD/CAD Price Analysis: Price retreats below 1.3700 from the monthly resistance line.

As the first hour of Thursday’s European trading day comes to a close, USD/CAD records yet another failure to breach the resistance line that has been in place for a month. It falls to 1.3655.

The RSI (14) drop from the overbought territory and the approaching bear cross on the MACD provide insight into the Loonie pair’s most recent falls.

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EDGE-FOREX

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