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 USD/MXN broke through the 21.50000 support level yesterday and it set off another bearish leg lower.
The USD/INR is testing short term support in early trading as its bearish trend remains evident via mid-term technical charts.
The USD/PKR is not a widely traded forex pair.
AUD/USD: Yet resistance at 0.7300 looks strong
Sweden never imposed a Covid-19 related nationwide lockdown and kept most of its economy open.
Compared to other developed countries, Singapore has gained relative control over the Covid-19 pandemic.
The US dollar initially fell during the trading session on Wednesday but then turned around to rally towards the 50 day EMA again.
The Australian dollar initially fell during the trading session on Wednesday, reaching down towards the 0.72 level before rallying again.
USD/JPY: Yen and Dollar acting equally as safe havens
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BTC/USD: Yet buying below $10k
The Euro has bounced quite nicely during the trading session on Wednesday, but we have the ECB meeting on Thursday that will certainly put a lot of volatility into this market.
GBP/USD: The pound remains a relatively weak currency
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Sign up to get the latest market updates and free signals directly to your inbox.If you have been trading for more than a few months, you probably remember the nonsense and noise that was a major feature of the entire Brexit situation.
The gold markets initially pulled back a bit during the trading session on Wednesday but turned around to show signs of life again.
The silver markets have dipped a bit lower during the trading session on Wednesday but found a bit of buying pressure underneath to turn the market around.