The AUD/USD exchange rate bounced back reluctantly as financial traders placed bets that the Federal Reserve will reassess its stand on rate hikes going forward.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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My EUR/USD signal on 2nd March was not triggered, as there was no bullish price action when the support level at $1.0636 was first reached.
Since the middle of last week's trading, the price of the EUR/USD currency pair was in an upward rebound range after it collapsed to the support level of 1.0524.
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A mild start to March continued to pressure spot natural gas prices during the trading week of March 6-10, as just a week after reaching $3.00 per MMBtu, the April Nymex gas futures contract closed at 2,430. dollars.
The Dow Jones Industrial Average continued to decline during its recent trading on intraday levels, to record good losses in its last sessions by -1.07%.
The TRY/USD declined during today's early trading, as the pair recorded new highs for the second day in a row, to drop the lira to its lowest levels ever against the US dollar.
The USD/MXN is trading near the 18.52600 ratio as of this writing.
The USD/ZAR has found solid momentum downward since Friday and is trading near the 18.14100 ratios as of this writing.
The price of the GBP/USD currency pair reached the highest level of 1.2113, recovering from the psychological support level 1.1800 in the middle of last week's trading.
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The dollar against the Japanese yen USD/JPY is still heading to the upside, despite the currency pair's collapse on Friday to the support level at 134.11, its lowest in two weeks
The S&P 500 experienced some back and forth during the trading session on Friday, indicating that the market is still experiencing a lot of noisy behavior overall.
The US dollar made an attempt to rally during Friday's trading session but gave back gains as the Non-Farm Payroll announcement came out.
The XAU/USD gold price extended its gains in Friday's trading session to a new monthly high at around $1870 an ounce, after the last round of US data
The GBP/USD has been showing signs of strength recently, rallying significantly during the trading session on Friday to break above the 1.20 level and test the 50-Day EMA.
The Silver price has experienced a bit of a pullback against the US dollar on Friday, but then shot higher as traders read the employment figures.