Forex Daily Forecast, Analysis and Prediction

The NZD/USD pair fell during the session on Thursday, as we continue to see a downward move in this pair. It makes perfect sense though, as the New Zealand dollar of course is highly sensitive to the commodity markets overall.

The GBP/AUD pair bounced slightly during the session on Thursday, showing the 1.95 level to be supportive. This was the anticipated move, and as a result I believe we are now going to try to break out and above the 1.96 handle.

The USD/JPY pair took out to the upside during the session on Thursday, but as you can see struggled above the 120 handle.

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The EUR/USD pair broke down during the session on Wednesday, showing the market still has quite a bit of bearish pressure in it.

The NZD/CAD pair continues to struggle, as the 0.95 level offered far too much resistance yet again during the Wednesday session.

The EUR/JPY pair fell during the session on Wednesday, testing the 132.50 handle. Just as we have seen during the day and other euro related pairs, the market fell.

The EUR/CAD pair fell hard during the session on Wednesday, slamming into the recent low. Now that we are approaching the 1.3750 support barrier, I feel that it’s only a matter of time before we continue, even lower.

Gold prices settled lower on Wednesday as a stronger dollar offset gains from safe-haven bids prompted by a slide in U.S. equities.

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