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 initially tried to rally during the trading session on Wednesday, but then pulled back against the Mexican peso again.
USDCAD: Bearish but support closer to 1.3000 area
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GBPUSD: Consolidating on Brexit uncertainty
As the aftermath of Monday’s Canadian election results, which left incumbent PM Trudeau with a minority government, the Canadian Dollar remain resilient
The Euro will have a very important economic day today with the release of a series of PMI reports and the last ECB meeting chaired by outgoing President Draghi who will leave the central bank more divided than ever.
A breakout above its short-term resistance zone was not sustained and the AUD/NZD quickly reversed back into its support zone from where the advance originated.
EUR/USD has not gained more momentum to complete the bullish correction since the beginning of this week.
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The Pound began to lose its recent gains that came in based on hopes of reaching an agreement to end Britain's chaotic exit from the European Union.
On the daily chart, it seems clear that the gold price hasn’t been moving much for several sessions as investors dispersed due to recent developments regarding the World Trade War and Brexit.
For the fifth consecutive day, it appears to be clear that the USD/JPY is moving in a limited move narrow range between 108.30 support and 108.93 resistance, before settling around 108.47 at time of writing.
NZDUSD: Today’s pivotal point likely to be 0.6386
AUDUSD: Medium-term bearish topping out strengthening
USDJPY: Strong support & resistance at 108.07 & 109.00