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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 28/12/2022


GBPUSD

An update on the previous analysis, the price manages to break below the 1.21341 level. This is a good sign that the pair is going for correction.

If the price respects the prevailing trend, we may see a correction around the 50% and 61.8% fibbonacci retracement.

If the price breaks below these levels, we should expect a reversal confirmation of the trend.



AUDNZD

AUDNZD has broken its downtrend line with a nice non-failed swing and an upward momentum. We may now see a correction to 1.06544.

If the price does not move further up and falls below this level, we may see the price fluctuate between 1.06544 and 1.05332 for a while.




USOIL

An update on the previous analysis, USOIL manages to break above its bearish line, now price seems to be going forward to the 83.25 level.

If the price does not reach this level, it means that there is still strong resistance in oil and we may see the price hovering around this level for a while.





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