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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Pakistan is on track to enter the Top 10 list of most infected Covid-19 countries, presently trailing former epicenter Italy and Iran.
Risk appetite is on the increase among global investors and the USD/MXN currency pair has seen a surge of selling.
AUD/USD: Struggling to get established above 0.7000
Indonesian President Joko Widodo pushes ahead with plans to build a new national capital on Borneo, at an estimated cost of Rp450 trillion, confirmed by Planning Minister Suharso Monoarfa.
Singapore recorded 880 visitors in May amid tight border controls and the absence of a cure for the global Covid-19 pandemic.
South Africa continues to struggle with the Covid-19 pandemic and is on course to exceed 200,000 infections as soon as today, surpassing Germany and Turkey.
USD/JPY: Strong support at 107.36
BTC/USD: Well supported from $9,000 area
The US dollar did rally a little during the trading session on Friday as we had the Americans observing the Independence Day holiday on Friday, meaning that a lot of the liquidity simply was not there.
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The West Texas Intermediate Crude Oil market did rally a little during the trading session on Friday, which makes sense considering that it was the observed Independence Day holiday.
The Euro fell initially during the trading session on Friday, reaching down towards the lows of the previous session on Thursday before bouncing.
The NASDAQ 100 could pull back a bit going into next week, but at the end of the day the reality is that we are very much in an uptrend.
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The British pound did little during the trading session on Friday, as we are dancing around the 50 day EMA.
EUR/USD: Medium-term consolidation pattern persists