Gold prices ended Wednesday's session up 1.4%, or $18.33, to settle at $1338.45 an ounce as the U.S. dollar weakened after the Federal Reserve kept rates steady and signaled a cautious approach to future rate increases.
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 Euro rallied initially during the day on Tuesday, but found the area above the 1.10 level to be a bit too resistive. The British pound get a little bit of a bounce during the day, but it isn’t much to write home about.
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The WTI Crude market fell during the day, breaking significantly below the $43 level at one point. Natural gas markets went back and forth during the day with a slightly negative twist.
The US dollar fell against the Japanese yen during the trading session on Tuesday, breaking through the 105 support level at one point during the day. I believe that the New Zealand dollar showed quite a bit of strength during the course of the day on Tuesday, but we do get back about half of the gains.
The S&P 500 went back and forth during the course of the session here on Tuesday, as we continue to grind sideways. The NASDAQ 100 went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility.
Get the NZD/USD Forex signal for July 26, 2016 here.
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