ATG WORLD Marketing analysis for November 11


    EUR/USD:EUR/USD extends recovery moves from last Wednesday’s top. Normal RSI conditions suggest the continuation 

    of the recent upside. 200-HMA offers additional support, 1.1860 can challenge bulls targeting monthly high.



    GBP/USD:GBP/USD marks another pullback below 1.3300, nears the upper line of a bearish formation. Overbought RSI 

    conditions add to the hopes of a U-turn. Late-October top, 200-bar SMA offer extra filters to the downside.



    USD/JPY: USD/JPY bears are battling back for lost ground in Tokyo as the dollar struggles to get over the line. 

    Focus is on the spread of the virus, with an eye on Trump's decrying and court case efforts, along with prospects 

    for Biden's geopolitics.



    AUD/USD :The AUD/USD pair is gaining altitude alongside a rally in the New Zealand dollar and amid a pro-risk environment 

    in financial markets. RBNZ dashes hopes for negative rates, easing pressure on the RBA to add more stimulus.



    USD/CAD: USD/CAD's daily chart shows signs of bearish exhaustion. So far today, the price action has been restricted 

    well within Tuesday's high and low of 1.3051 and 1.2985. The long tails attached to the previous two daily candles indicate 

    inability on the part of the sellers to force a daily close at the lowest price point of the day.



    Gold: Gold (XAU/USD) trades higher but remains below the critical $1891 resistance. The continued surge in the COVID-19 

    cases in Europe and the US has revived the calls for additional stimulus, underpinning the sentiment around gold.



    The private inventory survey has shown a bigger tan expected draw and has helped WTI add to recent gains. It is a huge 

    draw of 5.1 mil vs 900k estimates. The price is now taking on the presume resistance around $42bbls. 



    *NZD - Official Cash Rate*

    *NZD - RBNZ Monetary Policy Statement*

    *NZD - RBNZ Rate Statement*

    *NZD - RBNZ Press Conference*