Today’s session was extremely exciting and all thanks to the extremely large number of relevant publications and macroeconomic developments. The most important seems to be an agreement of OPEC. A detailed summary of the most important market information you can find in the afternoon review of the market.

AUDUSD

As a result of third rejection of resistance 0.7493 vast majority of the day we observed dynamic declines, which broke down growth channel. Currently we arrived at 0.7370 support and in the near future I would expect emergence of upward correction, which could even reach the vicinity of the previous upward trend.

AUDUSD H1
AUDUSD H1

USDJPY

As a result of dynamic growth market today finally arrived in the vicinity of the level 114.60, which defeat could change attitude of the market in the longer term. Given that during the entire growth in November there hadn’t been deeper correction it is the appear of a strong supply response I would expect in the near future.

USDJPY Daily
USDJPY Daily

WTI

As a result of today’s OPEC conference we observe all day the decisive strengthening of the WTI crude oil. As a result of which the market strengthened today by +13%. Now we are in the area of resistance 48.80 and taking into account the achievement of an agreement in the near future we can expect growth.

WTI H4

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