setups

EURJPY at 156.050 is encountering persistent selling pressure for the second consecutive day on Monday.

There is an anticipation that the AUDUSD at a rate of 0.66795 will continue to decline and fall below 0.6670 due to the prevailing mood of risk aversion.

The US dollar against the Russian ruble at a rate of 85.0675 is still strong, with levels not seen since April 2022, and is starting to recover from its first weekly decline in four weeks.

According to Commerzbank, the Euro will be strengthened as the ECB has announced that they will not reduce their main interest rate next year, despite the economic slowdown. The quoted Euro-USD exchange rate is 1.09036.

According to UOB, there is a continuous focus on the 144.00 level in the USDJPY market with the current price at 143.253.

According to ANZ, the FX policy of the central bank will result in a moderate strengthening of the Rupee, with USDINR currently at 81.9906.

According to Nehcap's perspective, the USDCAD currency pair at a rate of 1.31583 indicates an unsuccessful attempt at regaining value after reaching a low point over a period of nine months. The pair remains within a bearish channel on a weekly basis, which suggests a negative outlook.

UOB has stated that there is a possibility for further decline in the AUDUSD at its current level of 0.66733.

Natixis predicts that the USDCNY, currently at 7.23001, will adjust to approximately 7.00 by the conclusion of this year.

Even though the Bank of Japan's Summary of Opinions is bearish, the GBPJPY is fluctuating within a small margin above 182.00.