GBP/USD possible jump to 1,32700

The upbeat momentum in GBP/USD gained traction on the EU’s affirmations of its commitment to reach an agreement on the Brexit deal.
The cable tests five-week highs of 1.3064, up almost 1% on the day. The pound tastes hope that an agreement on Brexit will be reached by December 31. The European representatives gave in a little and gave the British a chance to sit at the table again and continue the negotiations. The dollar index has finally cracked below the solid contention around monthly lows in the 93.00 regions.
The lower move comes in tandem with increasing hopes of extra stimulus and rising bets of a “blue wave” win at the presidential election. This viewpoint is strengthened by the “lower for longer” stance from the Federal Reserve and hopes of a strong recovery in the global economy despite the second wave of pandemic threatens to put this idea to the test.

GBP/CAD on support

The pair found support at 1.69500, and the very news that negotiations between Britain and the European Union would continue pushed the pound up. This situation will last until the next important statement of politicians from either side. Later we have key economic news from Canada, a basic consumer price index, and basic retail measures. This news will probably leave traces on the chart.

GBP/AUD bullish until the next resistance

Looking at the chart, we will see that re-testing has been performed in the support zone, 1.82700. after that, the currency pair moved to the next level. We can expect some higher resistance at 1.85000, which is also a psychological barrier. The British have Brexit, the coronavirus, while Australia is locked, and the RBA announces a reduction in interest rates to negative levels.