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 US dollar has traded back and forth during the session on Friday as we got the Non-Farm Payroll figure.
The Euro has initially fallen during the trading session on Friday as the jobs number came out better than anticipated.
The British pound tried to rally during the trading session on Friday but gave back most of the gains as we simply can’t take off yet.
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The Australian dollar has rallied slightly during the trading session on Friday but continues to find resistance near the 0.69 level.
Following comments out of the Bank of Canada that an interest rate cut may follow soon, the Canadian Dollar collapsed as forex traders adjusted their positions
Monthly economic indicators by the New Zealand Treasury were released during the Asian trading session and they painted a weak economic picture for the small, export oriented economy.
16 Asian countries are close to signing an ASEAN trade pact which will be the largest in the world;
USDCAD: Level at 1.3120 looks pivotal today
USDCHF Analysis: Strongly supported around 0.9800
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The Euro has rallied it during the month of October, as we continue to chop back and forth.