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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This morning’s Australian economic data showed an unexpected contraction in private capital expenditure for Q3, and Q2 was revised down to show a bigger contraction
After today, there will be no major economic releases until the end of this week's trading.
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Here at Pepperstone we’ve seen increased client interest in the USD/CNH cross. Why? Well, along with perhaps soybeans and pork, CNH has been a remarkable read on the US-China trade war.
Gold prices fell to $1450, the lowest level in two weeks during Tuesday's trading session and then rebounded to $1460 at the time of writing.
A limited range move has been the hallmark of the GBP/USD pair since the beginning of this week between 1.2835 support and 1.2910 resistance, and the pair is stable around 1.2850 at the time of writing.
After the recent correction failed to push the USD/JPY pair to break below the 108.00 support.
AUDUSD: Dominant bearish trend line broken bullishly
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The S&P 500 initially tried to rally during the trading session on Tuesday, breaking above the top of the channel that we have clearly been in for some time
The NASDAQ 100 has rallied a bit during the trading session on Tuesday, piercing the top of the overall uptrend and channel.
The British pound has fallen a bit during the trading session on Tuesday, reaching down towards the 1.28 level underneath
The US dollar rallied a bit during the trading session on Tuesday, reaching towards the crucial ¥109.50 level again before pulling back
The Euro bounced slightly during the trading session on Tuesday, showing the 1.10 level to be supportive.