Forex Daily Forecast, Analysis and Prediction

The GBP/USD currency pair is trying to reap more gains from the pressure on the US currency.

Investors abandoned safe havens recently, which allowed the USD/JPY pair to push up to the 106.57 resistance.

In the wake of coronavirus and its implications on national economies, Japan has certainly been at the forefront of headlines because of its significant financial and geopolitical importance.

The USD/CHF tested important support levels last week when the 0.90100 came into sights.

After testing important support yesterday, the USD/MYR has seen some buying emerge, however, the forex pair remains comfortably within its pronounced bearish trend.

The Argentine Peso remains one of the weakest currencies in the world.

India continues to lead new daily Covid-19 infections globally while the economic rebound witnessed in May and June has lost momentum.

South Africa wants to examine all naturally attributed deaths across the country for Covid-19 to obtain a more precise picture of the pandemic.

The Euro rallied a bit during the trading session on Tuesday as we have wiped out the losses from Monday.

The US dollar has rallied significantly during the trading session on Tuesday but has failed to break above the 50 day EMA.

The NASDAQ 100 has initially pulled back a bit during the trading session but then turned around to show signs of strength yet again on Tuesday.

The Australian dollar has initially dipped during the trading session on Tuesday but then turned around to show signs of strength again.

AUD/USD: Bulls need to break above 0.7217

USD/JPY: Former key level at 106.43 invalidated

BTC/USD: Break below $11,400 is technically significant