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 Australian dollar has initially tried to rally during the trading session on Monday but found enough of resistance at the 0.68 level to fall rather hard and break down through the bottom of the candle stick from Friday.
Gold markets rallied significantly on Monday to send the market higher, reaching towards the $1480 level before pulling back a bit.
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For the third day in a row, the EUR/USD is trying to have a bullish correction after the recent violent bearish wave
Every time the GBP/USD tries to bounce higher, investors seize the opportunity to return to selling the pair.
Gold prices started the week with a stronger bullish momentum, reaching resistance at $ 1456, the highest price for six years, as global geopolitical and trade concerns intensify, often supporting investors buying safe heaven assets, notably gold.
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Over the course of three trading sessions, the USD/JPY pair has lost ground and its losses have reached its 105.78 support, the lowest in seven months.
NZDUSD: Will psychological level at 0.6500 hold?
USDJPY: Extremely bearish on flight to safety
The US stock markets got hit during the trading session on Friday, after the jobs number came out as expected.