The AUD/USD performance on Thursday was characterized by significant volatility, reflecting a persistent "buy on the dip" sentiment among market participants.
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 Turkish lira maintained its stability against the US dollar during trading today, Thursday.
The price of the EUR/USD currency pair moved positively yesterday, with gains that reached the resistance level 1.0865, before settling around 1.0810 at the time of writing
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The GBPUSD exchange rate has retreated from previous highs amid market selling and a renewed bid for the US dollar after the Federal Reserve said it would leave the key interest rate unchanged at 5-5.25%.
Although the US dollar declined after announcing that US interest rates would remain unchanged as expected, the XAU/USD gold price was subjected to selling operations
The Japanese yen plunged to its lowest level since November as investors shifted their focus from the Fed's hawkish decision to the Bank of Japan's policy decision on Friday.
The GBP/USD is trading near the 1.26450 level as of this writing with fast conditions flourishing.
As of this writing the USD/CAD is near the 1.33300 ratio as swift trading is being demonstrated.
The AUD/USD has been making considerable waves in the forex market, rallying notably during Wednesday's trading session.
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The GBP/JPY experienced an initial dip during Wednesday's trading session, reflecting the ongoing volatility involving the Japanese yen.
The Gold market witnessed a rally during the trading session on Wednesday as traders keenly awaited the Federal Reserve statement.
The EUR/USD demonstrated a slight initial dip during Wednesday's trading session, in light of the impending Federal Reserve interest rate decision.
The West Texas Intermediate (WTI) Crude Oil market made notable strides early on Wednesday, breaking above the $70 mark.
The S&P 500 index showcased a semblance of tranquility during Wednesday's trading session, as market participants held their breath in anticipation of the Federal Reserve's statement.
Silver displayed a minor rally during Wednesday's trading session, hinting at renewed vigor as it continues to hover around the 50-Day Exponential Moving Average.