The EUR/USD price continued its relentless comeback as investors focused on the likelihood for a Federal Reserve pivot.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The BTC/USD price remained unchanged at about 17,000 as investors reacted to the latest American jobs numbers.
The AUD/USD price held steady as investors refocused on the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
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The S&P 500 has rallied a bit during the trading session on Friday, even though the jobs number came in hotter than anticipated.
The NASDAQ 100 initially fell during trading on Friday, as the jobs report came out much hotter than anticipated.
The gold markets plunged after the jobs number on Friday but have seen buyers jump back into this market as the jobs number caused volatility, but at the end of the day, traders are starting to think that the jobs number doesn’t change much.
The DAX pulled back a bit initially during the trading session on Friday but then turned around to show signs of life again.
The BTC/USD has done almost nothing on Friday as the US dollar has been thrown all over the place.
The USD/CHF has been all over the place during the Friday session, as we have seen a lot of noisy behavior.
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The NZD/USD initially dipped a bit during the trading session on Friday, as the jobs number came out hotter than anticipated.
The USD/CAD has rallied a bit during the trading session on Friday as the US jobs never came in a little stronger than anticipated.
The EUR/USD has initially fallen during the trading session on Friday, as the jobs number in the United States came out much higher than anticipated.
The AUD/USD has gone back and forth during the trading session on Friday, as the 200-Day EMA is just above and offers significant resistance.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 4th, 2022 here.
Optimistic bullish speculators who have been pursuing upwards momentum in the EUR/USD may be feeling good about their perspectives.