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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The S&P 500 rose during the course of the session on Wednesday, slicing through the 1900 level and reaching as high as 1925. The NASDAQ 100 rallied during the course of the session on Wednesday, testing the 4200 level.
The USD/JPY pair initially tried to rally during the day on Wednesday but struggled just below the 115 handle. The Australian dollar rose during the course of the day on Wednesday, but we still find ourselves just below the vital 0.72 level.
The EUR/USD pair fell a bit during the course of the day on Wednesday, but did find a bit of support. The British pound had a volatile session as we went back and forth during the day, suggesting that the market is trying to come to terms with where to go next.
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The S&P 500 initially fell during the day on Tuesday, but found quite a bit of support at the 1870 level to turn things around and form a bit of a hammer. The NASDAQ 100 did the same thing during the day, falling initially but bouncing.
The USD/JPY pair fell during the day on Tuesday, testing the 115 handle. The AUD/USD pair initially tried to rally during the course of the day on Tuesday but found enough resistance above to turn things around and form a rather negative candle.