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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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Gold prices ended Wednesday's session down $21.01 as the minutes of the Federal Reserve's April meeting fueled a rally in the dollar.
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The EUR/USD pair tried to rally initially during the day on Tuesday but turned right back around as we continue to see quite a bit of choppiness in this market. The GBP/USD pair broke above the 1.45 level during the day but then dropped lower.
The USD/JPY pair rallied initially during the day on Tuesday, but continues to see quite a bit of resistance all the way up to the 110 handle. The AUD/USD pair fell slightly during the course of the day on Tuesday as well, but remains above the 0.73 level for the moment.
The WTI Crude Oil market rose slightly during the course of the day on Tuesday, as we broke above the $48 level. The natural gas markets have created a new trend line that is defining the uptrend, and we bounced right off of it during the session on Tuesday.
The S&P 500 fell during the day on Tuesday, as we continue to bounce around the 2050 region. The NASDAQ 100 is doing much the same, as the 4325 region offers support.
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