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.
The Australian dollar has tried to rally during the trading session on Tuesday, and it did keep some of the gains as we reached towards the 0.68 level, an area that of course is crucial from a longer-term standpoint as I have pointed out several times.
The US dollar has rallied rather significantly during the trading session on Tuesday, bouncing from the crucial ¥105 level.
Gold markets went back and forth during the trading session on Tuesday as we continue to see a lot of volatility.
USDCHF Analysis: Strong recovery from 0.9700 support area
The steady performance of the EUR/USD on the daily chart foreshadows a stronger move ahead.
The GBP/USD performance today will be driven by the UK jobs and wages data and then the US inflation numbers.
With the beginning of this week's trading, the price of gold fell to the $ 1488support level , from which it started again to test stronger resistance areas up to the top of $ 1520 an ounce at the time of writing.
Ahead of the release of important and influential US inflation figures, USD / JPY continues its strongest losses, reaching the 105.04 support level and a seven-month low, before stabilizing around 105.27 at time of writing.
