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 rallied significantly during the trading session on Wednesday, breaking to the upside rather straight forward, breaking above the top of the top of the candle stick from the Monday session that was so negative.
The WTI Crude Oil market had a relatively flat trading session during the day on Wednesday, initially trying to rally but then giving back the gains.
The US dollar initially pulled back a bit against the Japanese yen during the day on Wednesday but then turned around to show signs of life at the ¥107.50 level later in the day.
The S&P 500 has rallied significantly during the day on Wednesday, as we head into the July 4 holiday.
Natural gas markets will be very thin during the trading session on Thursday, as we are going to see people celebrating the Independence Day holiday in the United States.
The Gold markets gapped higher to kick off the day on Wednesday, before pulling back and then shooting straight up in the air again.
AUDUSD: Bullish break above 0.7000 psychological level
Since the beginning of this week’s trading, the EUR / USD pair has been in a bearish correction as the US dollar gained enough support
If the UK Services PMI results come out poor, it will be added to the weak results of the industrial sector
The price of an ounce of gold succeeded in compensating a large part of its losses during yesterday's trading session, as it rose by 35 dollars, and reached to the $1428 level an ounce at the time of writing.
Investors returned to buying safe havens again amid renewed fears that Trump would eventually impose stronger tariffs on China even after a truce was announced at the end of last week.
USDCAD: Bears struggling; 1.3113 pivotal point
