Forex Daily Forecast, Analysis and Prediction

The British pound fell during the trading session on Friday, breaking down below the 1.2250 level at one point before recovering slightly at the end of the session.

The US dollar rallied a bit during the trading session on Friday, heading towards the ₹77 level yet again, as we did the previous session.

Throughout last week's trading, the EUR/USD pair was under strong downward pressure pushing it towards the 1.0772 support before closing the week's trading around the 1.0812 support.

Gold prices benefited a lot from the American labor market disastrous results, which were announced at the end of last week’s trading.

AUD/USD: Key support level at 0.5979

After a steadfast journey of the GBP/USD pair, which extended for five trading sessions in a row, it ended in failure and movement lower towards the 1.2204 support at the end of last week’s trading.

For three consecutive trading sessions, the USD/JPY pair is moving in an upward correction range, but with limited gains out of the 107.45 support.

Turkey is facing increasing pressure from the Covid-19 outbreak, and President Erdogan’s government is under criticism after asking for public donations

British Prime Minister Johnson was hospitalized due to persistent symptoms of Covid-19 after contracting the virus over ten days ago.

New Zealand is likely to suffer long-term damages related to industry destruction from the Covid-19 pandemic.

Australian post-Covid-19 planning for the economy to prepare the country for future crises began.

USD/JPY: Pivotal point at 109.19

BTC/USD: Pivotal resistance at $7,228

GBP/USD: Price likely to test 1.2300 soon

EUR/USD: Key resistance at 1.0832