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 Aussie dollar initially tried to rally a little bit during the trading session on Wednesday, but then turned around to show signs of weakness again.
Yet bearish triple top at $71,600.
The currency pair has maintained a tight price over the past week, in fact the past month has also produced a choke hold on action in the USD/PKR.
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The USD/ILS continues to correlate to the USD rather well.
The US dollar fell a bit during the trading session on Wednesday, as we continue to see a lot of noise near the ₹83.25 level.
The US dollar has rallied a bit against the Japanese yen during the early hours on Wednesday.
The S&P 500 went back and forth during the trading session on Wednesday.
The British pound has rallied again during the trading session on Wednesday to reach the ¥199 level.
The ASX 200 has fallen significantly in Australia during the trading session on Wednesday.
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The GBP/USD exchange rate continued its strong recovery this week.
The EUR/USD pair continued dropping after the relatively hawkish Federal Reserve minutes published on Wednesday.
The Australian dollar made a strong bearish breakout after the hawkish FOMC minutes.
Despite the decline in the US dollar against other currencies since the release of below-expected US inflation figures, the overall trend for USD/JPY remains bullish.
According to recent trading, the price of the pound sterling against the US dollar (GBP/USD) fluctuates near the 1.27 resistance despite the US Federal Reserve’s hawkish comments.
For four consecutive trading sessions, the EUR/USD has been under selling pressure, pushing it towards the 1.0835 level and settling around the 1.0860 level at the time of writing.