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Macro

EUR/USD Outlook (22 December 2021)Overall, EUR/USD is ranging across. Recently, EUR/USD bounced down from the key level of 1.13. The eurozone Consumer Confidence data (Actual: -8, Forecast: -8, Previous: -7) released yesterday indicated a slight increase in the level of pessimism from the surveyed consumers on the future economic conditions of the eurozone countries. EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD.
Short
by JinDao_Tai
AUD/USD Outlook (21 December 2021)Overall, AUD/USD is ranging across. In the released monetary policy meeting minutes earlier today, the Reserve Bank of Australia highlighted that it will continue to maintain a highly supportive monetary conditions. Also, the central bank will not be hiking interest rate until inflation is within its 2-3% target range. Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.71000.
Short
by JinDao_Tai