In my daily analysis of minor currency pairs, the first thing I notice in the Australian dollar against the Swiss franc is that we continue to dance around between two major moving averages.
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 New Zealand dollar initially pulled back a bit during the Friday session, only to turn around and show signs of life again.
Lower price action going into the weekend for the USD/ZAR has been sustained in early trading today as the currency pair tests technical lows not seen since January of 2023.
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The gold market continues to see a lot of volatility but on Friday we saw the profit taking take over the overall attitude.
Technical traders holding onto the belief the USD/MXN exchange rate is overbought are learning a hard lesson about behavioral sentiment.
During the month of September, we have seen a lot of ugliness when it comes to crude oil behavior, as the markets have fallen rather significantly.
The US dollar has spent quite a bit of time during the month of September going back and forth, as we have bounced around between the 19 MXN level and the 20 MXN level.
During the month of September, we have seen the NASDAQ 100 bounce around quite significantly.
During the month of September, we have seen a lot of volatility in the S&P 500, as markets continue to look to the Federal Reserve for some type of directionality.
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Gold markets have been absolutely explosive during the month of September, and I do believe that the upward momentum continues.
The Aussie dollar has been somewhat noisy during the trading session on Friday as we continue to attempt a breakout.
The USD/HKD pair is experiencing significant downward pressure.
Although we sold off significantly during the trading session on Friday, we have seen buyers come back into the market and take over the overall momentum.
The NZD/CAD pair is moving quite rapidly.
The British Pound is consolidating against the US Dollar as both currencies remain relatively strong ahead of key US economic data due at the end of this week.