The AUD/USD pair rose slightly after the Australian Bureau of Statistics (ABS) published the latest consumer inflation report. It rose to the important resistance level at 0.7000 from this week's low of 0.6908.
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 euro fell initially on Monday but bounced after Trump send out a message that the US and Iran were talking. However, the Iranians deny this.
The gold market fell hard at the beginning of the week, as bond yields jumped. However, there are conflicting reports about the Iranians and Americans talking, so volatility continues.
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The market continues to move on the latest headlines, as we are simply trading on emotion at this point in time.
The NASDAQ 100 has seen a sharp reversal during the early part of the session on Monday, as tweets come out that the US and Iran are talking – only to be denied by the Iranians.
The 50-day EMA currently sits at the $3.35 level and is dropping, with the $3.50 level offering even more resistance.
The British pound has been all over the place on Monday, as noise is probably the key word here. However, the range has held, at least so far in this market.
The US dollar fell hard early on Monday, as the interest rates in America continue to drive where we are going next.
Indian stock traders continue to be very bearish on Monday, as the India VIX and rates continue to cause headwinds in stocks.
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The Nikkei 225 has sold off over the last few weeks, but it looks like we are trying to turn things around on Monday.
Silver dropped hard to start the week on Monday, as interest rates move and war weighed upon it. However, a social media post from Trump about talking to the Iranians has sent things higher for the time being.
The price has been making higher lows for almost two weeks, strengthening the bullish case.
The GBP/USD exchange rate was flat on Tuesday, a few pips above this month's low of 1.3220. It will be in the spotlight in the next few days as the UK publishes its inflation report.
Bitcoin prices rebounded and moved above the key resistance level at $70,000 as a risk-on sentiment prevailed in the market. The BTC/USD pair jumped to 71,000, up from the year-to-date low of 60,000.
The AUD/USD exchange rate held steady above the key resistance level at 0.7000 on Tuesday as the US dollar pulled back after Donald Trump's reversal on Iranian power attacks.