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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New Zealand’s economy is intertwined with the one of Australia, and both are heavily dependent on China.
Australia reported an unexpected 15% surge in March exports, but the Australian Dollar was unable to benefit from it.
Risk aversion still supports stronger yen gains against most other major currencies.
Fear of weak demand for the yellow metal in the event of a worsening trade dispute between the United States and China stopped gold gains.
During yesterday's trading, we did not witness a significant move for the GBP/USD pair, as the movement was in the range of 1.2420 and 1.2483 levels and began today’s trading around the 1.2444 level.
Despite this morning dismal Indian services PMI report for April, showing the sector in deep depressive conditions, the Indian Rupee remained resilient.
The EUR/USD currency pair deepened its losses, reaching towards the 1.0825 support before settling around the 1.0840 level at the beginning of Wednesday’s trading.
AUD/USD: More bearish after new lower swing high
USD/JPY: New 6-week low price below 106.50
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BTC/USD: Bears still holding price below $9,200
The British pound went back and forth during the trading session on Tuesday as we continue to dance around just below the 50 day EMA
The US dollar initially tried to rally during the trading session on Tuesday but as you can see broke down rather significantly,
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EUR/USD: Support at 1.0814 breaking down
The Euro has fallen after initially trying to rally during the trading session on Tuesday.