Forex Daily Forecast, Analysis and Prediction

The US dollar initially fell hard against the Canadian dollar during trading on Tuesday, but the 1.36 level continues to be an area of significant support.

The New Zealand dollar has pulled back slightly during the trading session on Tuesday.

Australian CPI Increased from 3.6% to 4.0%.

Silver has fallen initially during the early hours on Tuesday.

The British pound initially pulled back just a bit during the trading session on Tuesday but has seen enough support underneath to continue to drive and higher.

Bitcoin rose during the trading session on Tuesday.

The GBP/USD exchange rate rose slightly.

The EUR/USD pair was flat on Tuesday morning.

Bitcoin price bounced back after crashing below the crucial support at $60,000 on Monday.

Gold price has been hovering around the $2334 per ounce level since yesterday after falling by more than 1% in the previous session, pressured by a strong US dollar and rising bond yields.

For the second day in a row, the GBP/USD price is trying to rebound higher, but its gains did not exceed the 1.2698 level, which is stable near it at the time of writing the analysis

As trading began this week, the value of the Japanese yen fell to around 160 yen per US dollar, approaching its 34-year low of 160.24 yen set on April 29.

The USD/SGD is near the 1.35255 mark as of this writing.

For the second day in a row, the EUR/USD price is moving higher, holding around 1.0744 at the time of writing.

Trading in the USD/RUB pair is the domain of experienced traders who understand risk management is essential to good outcomes.