The exchange rate of the euro against the dollar, EUR/USD, rebounded from its lowest levels in nearly three months in the last sessions.
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 futures struggled to determine direction in recent trading as investors prepare for the annual US inflation report that may dictate the direction the Federal Reserve will take at its two-day monetary policy meeting.
Trading in narrow ranges is what appears to be evident on the recent performance of the USD/JPY currency pair.
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The GBP/USD exchange rate reversed much of its May decline in early June trading, but technical hurdles are likely to impede its recovery once around the 1.26 resistance level or above.
Gold markets experienced a slight dip during Monday's trading session, indicating a continuation of the ongoing consolidation pattern.
The EUR/USD had a slight rally during Monday's trading session, continuing to test a short-term range.
The GBP/JPY has shown signs of rallying during the early hours of Monday, continuing its move above the significant ¥175 level against the Japanese yen.
The AUD/USD has seen a significant rally during Monday's trading session, pushing toward the 0.68 level.
On the 7th of June the USD/SGD was trading within sight of the 1.35000 ratio, having touched the 1.34975 mark.
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A rather cautious higher price range in the USD/JPY has made itself clear the past week of trading.
The USD/JPY continues to exhibit significant sideways volatility against the Japanese yen, suggesting the formation of a bullish flag.
The GBP/USD, during Monday's trading session, initially exhibited an upward trend, indicating a potential rally.
Silver experienced a slight decline during Monday's trading session, with the market now approaching the 50-Day Exponential Moving Average (EMA), just above the $24 level.
Natural gas markets experienced a slight downturn during Monday's trading session, with the summer range continuing to influence price movements.
The West Texas Intermediate (WTI) Crude Oil market experienced a significant downturn at the start of the trading week on Monday, continuing the trend of volatile behavior.