Many big countries in the world take a day off today because it’s Christmas. Some forex markets are still open, depending on the brokers. Let’s take a look at some pairs to see if you want to change your trading strategies for the holiday season.
USD/JPY is indeed in a state of holiday with a period of fairly tight sideways movement. This period of volatility is in a larger phase of volatility, as in the form of the Rectangle model that we have mentioned recently. The deal for USD/JPY today is to buy from below.
The trend structure of NZD/USD remains stable with rising highs and lows. The bullish trend lines are also supporting from below. Odds for NZD/USD today is to buy up from below.
AUD/USD halted its advance right at the old peak. The trend status of AUD/USD is changing from rising to sideways. There have not been any major changes in the trend structure of AUD/USD, so we wait to buy from below for AUD/USD.