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 gold markets reached towards the 200-day EMA again on Wednesday, as the US dollar took a hit after the FOMC Meeting Minutes were released.
The Australian dollar fluctuated during the trading session on Wednesday to hover right around the 0.75 handle.
The Bitcoin market rallied ever so slightly during the trading session on Wednesday as we continue to grind back and forth just below the $35,000 level.
The GBP/USD pair declined in the overnight session after the relatively hawkish FOMC minutes.
The BTC/USD is in a tight range as investors ponder the next key moves.
Prior to the minutes of the last meeting of the US Federal Reserve, the bearish pressure for the EUR/USD currency pair continues with losses to the support level 1.1806 before settling around the 1.1821 level at the time of writing the analysis.
The price of the GBP/USD currency pair did not gain much beyond 1.3898 despite the British government's announcement that it will abandon all coronavirus restrictions.
For the fourth day in a row, the USD/JPY currency pair is exposed to profit-taking operations, but has not yet escaped from its ascending channel.
The return from the American holiday contributed to the movement and activity of the markets.
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The NZD/USD continues to trade within its lower price range, but has seen quick-moving values with choppy results and strong reversals.
The USD/BRL provided a reminder yesterday why it is one of the more challenging Forex pairs to speculate on as it violently moved higher.
The USD/ZAR continues to produce abrupt short-term volatility within a rather tight range which may prove opportunistic for experienced traders.
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The euro initially rallied during the trading session on Tuesday but then turned around to show signs of weakness again.
The British pound rallied a bit during the trading session on Tuesday but gave back the gains midday to turn around and start falling again.