Forex Daily Forecast, Analysis and Prediction

After touching support near the 22.1500 level only two days ago, the USD/MXN has developed a reversal higher.

After testing important support levels earlier this week the USD/INR has reversed higher with incremental buying.

The Indonesian Rupiah has maintained a tight range the past day after testing important resistance.

The Euro continues to see a lot of resistance above, especially near the 1.1350 level.

The Australian dollar has gone back and forth during the trading session on Tuesday as we continue to see the 0.70 level cause massive amounts of resistance.

The NASDAQ 100 initially tried to rally during the trading session on Tuesday, as we continue to look very bullish.

The US dollar has rallied a bit during the trading session on Tuesday, breaking above the ¥107.50 level.

The S&P 500 initially tried to rally during the trading session on Tuesday as we continue the overall uptrend.

The market continues to be very noisy, as the British pound reached all the way towards the 200 day EMA before rolling over again.

AUD/USD: Sentiment mixed but risk-off strengthening

USD/JPY: Little to choose between these two currencies

BTC/USD: Support effectively holding

Pakistan is under increasing pressures from the Covid-19 economic fallout.

Singapore will hold elections this Friday, where incumbent Prime Minister Lee Hsien Loong will face off against challenger Pritam Singh, where his re-election is widely anticipated.

South African Health Minister Zweli Mkhize warned that Covid-19 infections would continue to rise, as the nationwide economic lockdown is unsustainable and economic activities must resume.