22^nd November 2021 Technical Analysis

EURUSD

EURUSD fell on Friday, and the technical bias is bearish due to lower lows in the recent downtrend.

The pair is currently trading near 1.12829，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.12930

Resistance level 2: 1.13200

Resistance level 3: 1.13500

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.12650

Support level 2: 1.12400

Support level 3: 1.12050

On Tuesday, the Eurozone will announce the Markit comprehensive PMI data for November. Higher data indicate favourable to the euro, so it is bullish for the EURUSD currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the EURUSD currency pair near the current level.

AUDUSD

AUDUSD fell on Friday, and the technical bias was bearish due to lower lows in the recent downtrend.

The pair is currently trading near 0.72375，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 0.72500

Resistance level 2: 0.72750

Resistance level 3: 0.72950

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 0.72250

Support level 2: 0.72000

Support level 3: 0.71800

On Tuesday, Australia will announce the November Markit manufacturing PMI data. Higher data indicate favourable to the Australian dollar, so the AUDUSD currency pair is bullish, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the AUDUSD currency pair near the current level.