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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EUR/USD has been under selling pressure since the middle of this week's trading, falling from the 1.0916 resistance level, the highest for the pair in over two months, to the 1.0855 support level.
Gold prices have returned to the $2355 resistance level despite a steady US dollar ahead of the May US jobs report due later this week.
The US dollar initially pulled back just a bit during the early hours on Wednesday to test the 18.50 level, only to turn around and show signs of life.
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The US dollar initially pulled back a bit against a Norwegian currency during the early session on Wednesday but has since recovered.
The Hong Kong 50 index has initially tried to rally a bit during the trading session on Wednesday, but gained back gains as we continue to see the market deal with an over bond condition.
The US dollar has rallied slightly against the Swiss franc in the early hours on Wednesday, as we are dancing around the 0.89 region.
The British pound has rallied significantly during the trading session on Wednesday as we continue to see the Japanese yen get hammered.
The AUD/USD pair was trading at the psychological point at 0.6650, where it has been stuck at in the past few days.
Bitcoin price rose to its highest level since May 21st as hopes of a bullish breakout rose.
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The EUR/USD exchange rate wavered ahead of the upcoming European Central Bank (ECB) decision and US jobs data. It was trading at 1.0875 on Thursday, a few points below this month’s high of 1.0915.
On Monday of this week the USD/PKR demonstrated a low around the 278.1170 ratio, then on Tuesday and Wednesday suddenly support became durable near 278.1310.
Forex market quiet despite active stock market.
The German DAX rally during the early hours on Wednesday.
The USD/ILS is near the 3.71990 ratio as of this writing and is banging up against important near-term resistance as the 3.72000 appears to be an important threshold.
The British pound has rallied slightly during the early hours on Wednesday.