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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Despite the weakness of the US dollar during last week's trading, gains of the EUR/USD pair did not exceed the 1.0952 resistance, and for both trading sessions, it failed to overcome it.
AUD/USD: Normal bearish retracement underway
USD/JPY: Today may see a renewed flow into safe havens
New Zealand remains in a nationwide lockdown, but discussions on how much longer the most extreme measures should be kept in place are intensifying.
British Prime Minister Boris Johnson was released from the hospital yesterday after spending one week, including a few nights in intensive care, at St Thomas’ Hospital.
India announced an extension of the nationwide lockdown until the end of April.
BTC/USD: Support at $6,576 probably too strong to break down today
US President Trump notes the economy will remain in lockdown until healthcare officials deem it safe to resume activities under a new set of protective measures
GBP/USD: Breakout above medium-term resistance at 1.2515?
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EUR/USD: Strong resistance at 1.0968
The US dollar was very quiet during Good Friday against the Japanese yen as one would expect, being a major holiday around the world.
The Euro rallied slightly during the trading session on Friday, reaching towards the highs of Thursday during the holiday.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound initially dipped on Friday, but as it was Good Friday there would have been a significant lack of volume.
The S&P 500 initially pulled back during the trading session on Thursday, but on Friday was closed as you would anticipate.
The NASDAQ 100 on Thursday went back and forth to form a neutral candlestick and of course was closed on Good Friday.