FX Technical Outlook - Wednesday 28th December

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EUR/USD

The Euro has remained within its tight range in thin conditions despite a strong
jump in US Consumer Confidence figures from 55.2 to 64.5 in December, compared to an expectation of 58.5.

Sentiment remains neutral as the Euro trades within the 1.30/1.31 range.
Further out support/resistance levels to watch are 1.2945/1.3200. 




AUD/USD

The AUD has traded in a flat line over the session as the Australian market
remains largely in holiday mode. This looks likely to continue.

Resistance is at 1.0200 while support remains at 1.0050. 


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