Weekly Forex Forecast for EURUSD, GBPUSD, AUDUSD, NZDCAD, XAUUSD (December 30 – January 3, 2020)
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Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, AUDUSD, NZDCAD, and XAUUSD through January 3, 2019. Watch this video before trading these currency pairs!
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Weekly Forex Forecast for December 30 – January 3, 2020
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The EURUSD is set to start this week at a significant resistance area.
I’ve discussed the 1.1170 region several times in recent weeks, along with the descending channel top near 1.1200.
The GBPUSD recovered last week following Tuesday’s close below 1.2980.
That’s the former range top that gave way to the pair’s next leg higher on December 3rd.
That means buyers may try to defend any retest of 1.2980 as support.
The AUDUSD continued its breakout higher last week.
I wrote about the potential for a break higher on December 4th.
The NZDCAD continued higher last week following the November 19 breakout.
I wrote about the idea of a higher NZDCAD on November 18th.
XAUUSD (gold) has played out nicely for us.
I’ve discussed the falling wedge below several times including in the December 19th commentary as well as last week’s forecast video.
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