4 Global Market Updates- 30 December, 2022

 

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

EUR/USD Price Analysis: Mild between 2-week-old resistance and 10-day EMA

In the first hour of Friday’s European session, EUR/USD hits an intraday low of 1.0645. The major currency pair then reverses from the resistance of the two-week-old declining trend line.

The retreat move may also be related to the MACD indications, which point to the quote’s additional deterioration.

The 10-day Exponential Moving Average (EMA), which was at 1.0620 at the time of publication, prevents the EUR/USD pair from falling further in the near term.

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