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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

​​​AUD/USD slip, EUR/JPY and USD/USD rise stalls in low volume trading

​​​AUD/USD slip, EUR/JPY and USD/USD rise stalls in low holiday season volume trading. ​​

USD Source: Adobe images

​​​AUD/USD sees tiny movements

AUD/USD just about holds above last week's 2 1/4 year low at $0.6200, below which lies the October 2022 low at $0.6171.

​​Minor resistance can be spotted at the August low at $0.6349.

AUD/USD chart Source: TradingView
AUD/USD chart Source: TradingView

​EUR/JPY advance stalls

EUR/JPY sideways trades above its 55-day simple moving average (SMA) at ¥162.47 and still has the ¥163.60-to-¥163.89 resistance area in view.

​The short-term uptrend will remain intact while the 18 December low at ¥159.82 holds.

EUR/JPY chart Source: TradingView
EUR/JPY chart Source: TradingView

USD/JPY range trades

USD/JPY range trades below its ¥157.92 six-month high, a rise above which would engage the ¥160.00 region.

​​Minor support can be seen around the 20 November high at ¥155.89 ahead of the area seen between the ¥154.69 early November high and the ¥154.48 mid-December high.​​

USD/JPY chart Source: TradingView
USD/JPY chart Source: TradingView

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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