Forex Daily Forecast, Analysis and Prediction

USDCHF Analysis: Strong resistance likely at 0.9945

GBPUSD: Consolidating below 1.2924

EURUSD: Today’s pivotal point likely to be 1.1063

Australian economic data was mixed, Chinese data came in a touch softer and overall global data showed that the economy remains fragile at best.

The US dollar has rebounded against the other major currencies for three trading sessions in a row, and the USD/JPY price rises from the 107.88 support to the 108.82 resistance at the time of writing

The US dollar returned to rise after better results from the US jobs report, and increased investor risk appetite with reassuring remarks from both sides of the global trade war that the deal was near.

The future of the Pound will depend on the next general election on December 12, as UK citizens will have an opportunity to make a decisive judgment on how Britain will exit from the EU.

After three unsuccessful attempts to break above the 1.1175 resistance, it was normal for the EUR/USD to correct down towards the 1.1127 support.

NZDUSD: Weakly bullish above 0.6386

AUDUSD: Bullish but running into strong resistance

The US dollar has gapped higher to kick off the week, and then shot much higher

The Bitcoin markets have rallied about 1% during the trading session on Monday, as the market continues to go back and forth overall

The Australian dollar has rallied a bit into the trading session on Monday but continues to find plenty of resistance above at the 61.8% Fibonacci retracement level.

Gold markets initially pulled back during the trading session on Monday to kick off the week, but then turned around to show signs of life

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Monday to kick off the week