The Australian dollar has gone back and forth during the trading session on Friday, initially trying to pull back before rallying and before pulling back again only to settle on a relatively unchanged candle.
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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Silver markets went back and forth during the trading session on Friday, as we continue to see a lot of choppiness.
The British pound initially tried to rally during the session on Friday but failed at the 1.30 level yet again.
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Mexico is on course to cross the 700,000 infection level over this weekend, as the death toll nears 72,000, the fourth-highest globally.
Indonesia returned to partial, localized lockdowns amid a surge in Covid-19 infections.
The British pound has initially fallen during the trading session but also has turned around to show signs of strength again.
The US dollar initially rallied against the South African Rand but found resistance near the 16.50 Rand level.
The Australian dollar initially fell during the trading session on Thursday, but then turned around to show signs of life again.
Silver markets fell a bit during the trading session on Thursday, reaching down towards the $26.50 level before finding buyers again.
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Cautious stability of the GBP/USD price ahead of the Bank of England’s announcement of its monetary policy decisions later today, Thursday.
The USD/MXN has sustained its downward trajectory and established a significant bearish trend since the beginning of August.
The USD/ZAR has effectively demonstrated the ability to trade near important support junctures without suffering a sudden reversal higher.
The Indian Rupee has experienced choppy waters the past day and this morning’s early trading has the USD/INR within the upper boundaries as resistance is perched intriguingly above and seemingly strong.
The USD/SGD trend remains clearly on display for technical traders.
Turkey is approaching 300,000 Covid-19 infections but has a comparably low death toll above 7,200 in a country with a population shy of 85,000,000.