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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The AUD/USD pair surged as signs of Federal Reserve and Reserve Bank of Australia (RBA) divergence emerged.
Recently, the US dollar rose in response to the release of US inflation data for November, which showed an increase of 0.1% on a monthly basis in the main US consumer price index (CPI).
Since the start of trading this week, the price of the USD/JPY has been trying to rebound higher. Moreover, its gains have not exceeded the resistance level of 146.58 before stabilizing around 145.50 at the time of writing the analysis.
Technically, the price of gold (XAU/USD) attempted to rebound towards the psychological resistance level of $2000 per ounce once again, but the strength of the US dollar prevented it, causing the price of gold to stabilize downward around the $1978 level per ounce at the time of writing.
Recently, the pound sterling fell against other major currencies after data showed that wages in the UK slowed in October.
Silver exhibited a modest rally in the early hours of Tuesday, hinting at a potential recovery after recent declines.
Gold markets showed resilience during Tuesday's trading session, with a slight rally that caught the attention of investors.
The EUR/USD showed a remarkable surge in Tuesday's trading session.
The USD/JPY embarked on a remarkable journey in Tuesday's trading session, initially experiencing a sharp decline before testing the ¥145 level.
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BTC/USD traders experienced a choppy ride in the cryptocurrency market this week, with a significant dip on Monday followed by a modest recovery on Tuesday.
The dollar pair stabilized against the Turkish lira during early trading on Wednesday morning, as the price moved near its highest levels ever.
The USD/CAD initially pulled back just a bit during the early hours on Tuesday but has turned around to show signs of life again.
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The S&P 500 index initially displayed signs of strength overnight, but as the actual trading session approached, a hint of hesitation emerged.
Crude oil markets experienced a significant selloff in Tuesday's trading session, reflecting the persistent turbulence and uncertainty in the energy sector as it looks like a recession is being baked into the markets.