Forex Daily Forecast, Analysis and Prediction

The NZD/USD pair broke down over the course of the last couple of sessions, and we have been below the 0.70 level for the last several days.

The USD/CAD pair initially fell during the session on Thursday, but as you can see found enough support below to turn things back around and bounce back above the 1.22 handle.

The GBP/USD pair has broken out above the 1.58 level, and Thursday sent this pair even higher as buyers continue to go long. That being the case the market looks as if it is ready to continue going much higher but we will probably see quite a bit of volatility only at the 1.60.

Gold prices advanced to their highest levels since May 26 as the greenback continued to slide the day after the Federal Reserve cut economic growth forecasts and hinted that the pace of rate hikes will be slower.

Gold prices ended higher on Wednesday as the dollar came under pressure after the Federal Reserve indicated that the forward path in interest rates is going to be slower than market expectations.

Check out the AUD/USD Forex signal for June 18, 2015 here.

Check out the USD/JPY Forex signal for June 18, 2015 here.

Check out the GBP/USD Forex signal for June 18, 2015 here.

Check out the EUR/USD Forex signal for June 18, 2015 here.

The EUR/USD pair initially fell during the day on Wednesday, but as you can see turned back around somewhere near the 1.12 level.

The GBP/USD pair broke out during the Wednesday session, clearing the 1.58 level in reaction to statements coming out of the FOMC meeting.

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Check out the AUD/USD Forex signal for June 17, 2015 here.

Check out the USD/CHF Forex signal for June 17, 2015 here.

Check out the USD/JPY Forex signal for June 17, 2015 here.