Alpari - Analytics


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Daily analytical report (23/11/16)


  • 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.

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