This document is a daily analysis report from TPGlobalFX that provides analysis and recommendations for several currency pairs for the next 24 hours. It includes recent economic data from Asia, upcoming economic indicators and central bank decisions from Switzerland, the Eurozone, the UK, Canada and the US. It also provides technical analysis using pivot points and Fibonacci levels to identify potential support and resistance levels. Recommendations are given to buy or sell certain currency pairs based on whether they are trading above or below identified technical levels.

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17 December, 2020
Daily Analysis Report

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Asian Bulle n: U.S. dollar falls no ceably against major peers a er FOMC event, Swiss and U.K. Interest Rate Decision in focus, Asian stock markets in green, gold
stabilizes above $1,860 mark
Asian Headlines:
• New Zealand GDP q/q stands at 14.0 pct vs -11.0 previous release (expected 12.9).
• Australia employment change stands at 90.0K vs 180.4K previous release (40.9K).
• Australia unemployment rate stands at 6.8 vs 7.0 previous release (expected 7.0).
Economic Data Ahead:
• (0830 GMT/1400 IST) Swiss interest rate decision, previous -0.75, expected -0.75.
• (1000 GMT/1530 IST) Euro final CPI, previous -0.3, expected -0.3.
• (1000 GMT/1530 IST) Euro final Core CPI, previous 0.2, expected 0.2.
• (1200 GMT/1730 IST) U.K. Interest Rate Decision, previous 0.10, expected 0.10.
• (1330 GMT/1900 IST) Canada ADP Non - Farm employment change, previous -79.5K.
• (1330 GMT/1900 IST) U.S. Philly Fed Manufacturing Index, previous 26.3, expected 20.1.
• (1330 GMT/1900 IST) U.S. unemployment Claims weekly, previous 853K, expected 817K.
• (1330 GMT/1900 IST) U.S. building permits, previous 1.54M, expected 1.55M.
• (1330 GMT/1900 IST) U.S. housing starts, previous 1.53M, expected 1.53M.
Economic Events Ahead:
• (0900 GMT/1430 IST) Swiss Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.35% to 90.14 points.
USD/JPY: The Japanese yen trades flat on Thursday and trading around 103.40 mark. A sustained close above 103.65 will take the parity higher towards key resistance
around 104.22, 104.50, 104.70, 104.90, 105.22, 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 103.65 will drag the
parity down towards 103.50, 103.17, 102.80 and 102.45 marks respec vely.
AUD/USD: The Aussie spike up immediately a er robust job data. The pair made intraday high at $0.7591 and low at $0.7567 marks. On the top side key resistances are
seen at $0.7590, $0.7622 and $0.7650 mark respec vely. On the other hand, a consistent close below $0.7530 will take the parity down towards key supports around
$0.7450, $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely.
NZD/USD: The Kiwi strengthens no ceably on the back of higher than expected GDP data. The pair hits highest level since April 2018. The pair made intraday high at
$0.7140 and low at $0.7102 mark. Key resistances are seen at $0.7140, $0.7157, $0.7176 and $0.7190 mark respec vely. Alterna vely, a consistent close below $0.71 will
drag the parity down towards key supports around $0.7040, $0.7002, $0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely.
USD/INR: The Indian rupee exhibits range bound movement and faces key hurdle at 73.40 mark. The pair made intraday high at 73.55 and low at 73.43 marks. A
sustained close below 73.42 marks will drag the parity down towards 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at
73.55, 74.02, 74.40, 74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro spikes up and hits highest level since April 2018. The pair made intraday high at $1.2234 and low at $1.2190 mark. A sustained close above $1.2196
tests key resistances at $1.2242, $1.2260, $1.2285 and $2318 mark respec vely. On the other side, a sustained close below $1.2150 will target key supports around
$1.2090, $1.2050, $1.1970, $1.1900, $1.1850, $1.1802, $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling con nues to trade higher ahead of U.K.’s interest rate decision. Today pair made intraday high at $1.3540 and low at $1.3490 mark. A sustained
close above $1.3507 will drag the parity up towards $1.3555, $1.3582, $1.3612, $1.3632 and $1.3667 mark respec vely. Key support levels are seen at $1.3490, $1.3430,
$1.3375, $1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold remained highly vola le during FOMC rate decision event and today touches $1,867 mark in early Asia. Today pair made intraday high at $1,867
and low at $1,862 mark. A sustained close above $1,864 requires for the upside rally. On the other side, consistent close below $1,840 will check key supports as well.
Key support levels are seen around $1,832, $1,827, $1,820, $1,812, $1,802, $1,787, $1,776, $1,764, $1,758, $1,747, $1,740 and $1,720 mark respec vely. Key resistances
are seen at $1,870, $1,876, $1,882, $1,888, $1,894 and $1,902 marks respec vely.
XAG/USD (Silver): Silver spikes up and jumps back above $25.00 mark. Today pair made intraday high at $25.40 and low at $25.15 mark. A sustained close above $25.34
requires for upside rally. Key support levels are seen at $24.50, $23.82, $23.55, $23.35, $22.50 and $21.90 marks respec vely. Key resistances are seen at $25.49, $25.62,
$25.76, $25.87 and $26.00 marks respec vely.

3. AUD / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 0.75794 S1 0.75490
Buy Above 0.75974
0.76189
0.75463
0.75463
0.75264
0.75974
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.75888 S2 0.75396
R3 0.76040 S3 0.75244
R4 0.76286 S4 0.74998
Conclusion
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0.75642

4. EUR / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.22115 S1 1.21451
Buy Above 1.22240
1.22419
1.21580
1.21580
1.21298
1.22240
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.22321 S2 1.21245
R3 1.22653 S3 1.20913
R4 1.23191 S4 1.20375
Conclusion
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1.21783
DECEMBER,2020

5. GBP / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.35440 S1 1.34528
Buy Above 1.35789
1.36100
1.34232
1.34232
1.33866
1.35789
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35721 S2 1.34247
R3 1.36177 S3 1.33791
R4 1.36914 S4 1.33054
Conclusion
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1.34984
DECEMBER,2020

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.27767 S1 1.27049
Buy Above 1.27883
1.28133
1.27002
1.27002
1.26742
1.27883
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.27989 S2 1.26827
R3 1.28348 S3 1.26468
R4 1.28929 S4 1.25887
Conclusion
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1.27408
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 103.778 S1 103.276
Buy Above 103.698
103.878
103.149
103.149
102.976
103.698
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 103.932 S2 103.122
R3 104.183 S3 102.871
R4 104.588 S4 102.466
Conclusion
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103.527
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020

8. XAU / [GOLD]USD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1866.22 S1 1850.26
Buy Above 1868.81
1873.01
1853.61
1853.61
1849.42
1868.81
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1871.16 S2 1845.32
R3 1879.14 S3 1837.34
R4 S4 1824.42
Conclusion
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1858.24
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1892.06
DECEMBER,2020

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