4 Global Market Updates- 28 December, 2022

 

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

EUR/USD rises beyond 100 and 200 HMA confluence

Despite a slow Wednesday morning in Europe, the pair maintains a defensive position at 1.0645 and displays a three-day winning streak.

The leading currency pair validates the prior rebound off the important Hourly Moving Averages (HMAs) in a short-term rising wedge bearish chart pattern by doing so.

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