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 AUD/USD pair initially gapped lower at the open on Monday, as Greek elections have the markets in a general “risk off” type of attitude. However, we turned back around and close towards the highs of the session.
The NZD/USD pair initially tried to take off during the session after gapping lower for Monday, but as you can see the sellers stepped back into the marketplace and pushed it lower.
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Gold continued to retreat from a five-month high struck last week, as sings of stabilization in the risk environment and buoyant global equities lured some investors away from the market.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/NOK pair had a positive session during the day on Friday, as we continue to see upward pressure on the US dollar. After all, the Norwegian krone is going to be tied to the oil markets which of course have been very soft lately to say the least.
The AUD/USD pair broke down during the course of the session on Friday, finally clearing the 0.80 level and giving it the opportunity to fall with significant momentum.
The NZD/USD pair initially tried to break out to the upside during the session on Friday, but as you can see turned back around and fell drastically.