Forex Daily Forecast, Analysis and Prediction

The AUD/USD has shown a slight upward movement during Monday's trading session.

Bitcoin price continued consolidating this week as the recent momentum faded.

The EUR/USD exchange rate rose slightly ahead of the upcoming European consumer inflation and US housing data.

The GBP/USD exchange rate continued its downtrend as traders continued assessing last week’s interest rate decisions by the Federal Reserve and the Bank of England (BoE).

Resistance level at $0.6729 holding for now.

The TRY/USD stabilized during the early trading of the weekly trading near its highest levels ever.

The US dollar rebounded ahead of the weekend last week after one of the Federal Open Market Committee members said that his colleagues should be prepared to raise interest rates again if necessary.

Last week, GBP/USD was the most prominent for the traders of Forex currencies, as the pair of sterling currencies jumped against the dollar towards the resistance level 1.2794 higher for the currency pair for more than three months.

The USD/MXN is trading near the 17.23300 ratio as of this writing.

The euro's attempt to rebound last week failed. Despite the bulls' success in moving the pair towards the psychological resistance of 1.1000, the dollar came back strong to close the week lower, stabilizing around 1.0893.

The USD/ZAR is suddenly trading near the 18.31000 vicinity as of this writing.

By the end of the trading last week, the price of XAU/USD gold declined from its highest levels in the session at about 2042 dollars, to trade at about 2017 dollars an ounce, after the last round of American economic data.

The silver market showed some resilience during Friday's trading session as it dipped slightly before bouncing back from the $24 level.

In Friday's trading session, gold initially experienced a minor pullback, only to rally once again.

The EUR/USD faced a slight pullback during Friday's trading session, testing the crucial 1.10 level.