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 USD/INR pair is near the 83.7310 realm as of this writing with the typical amount of rather fast changes occurring across the screen because of its large spread between bid and ask prices.
The U.S. dollar has fallen a bit against the Philippine peso during the trading session on Wednesday as we wait for the Federal Reserve decision.
The Australian index has rallied rather significantly during the trading session here on Wednesday, gaining almost 2%, and at one point, actually did gain over 2%.
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The New Zealand dollar has exploded to the upside showing signs of strength yet again during the trading session on Wednesday mirroring what we saw on Tuesday.
Intriguingly the currency pair has touched a high around 278.7755 mark earlier today, which is a value that had last been seen since the 12th of July.
It's easy to see that the 1.13 level is an area that a lot of people are paying attention to.
Bank of Japan did in fact raise interest rates.
In my daily analysis of the pound, I recognize that we did see a little bit of selling pressure across the board, and part of that might be due to the fact that the Bank of England has an interest rate decision on Thursday.
I recognize immediately that we have bounced from the bottom of the symmetrical triangle.
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The DAX rallied a bit during the early hours on Wednesday as we are trying to reach towards the 18,650 euro level.
It's easy to see that we are bullish in the early hours.
It's easy to see that there's been a lot of selling pressure.
The GBP/USD exchange rate rose slightly after the July ADP nonfarm private payroll data and the Federal Reserve interest rate decision.
The EUR/USD pair wavered after the flash European inflation data and the relatively dovish Federal Reserve interest rate decision.
The AUD/USD exchange rate dropped to its lowest point since May 1st and then bounced back.