The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains in order to form a slightly negative candlestick.
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 British pound initially pulled back during the trading session on Thursday but has seen support at a very familiar level near the 1.2650 level.
Silver markets have had an extraordinarily bullish view sessions, reaching towards the $23.50 level.
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South Africa, the fifth-most infected country with Covid-19 globally and the most-infected in Africa, faces an ongoing surge in new cases.
While the Indian agricultural sector shows signs of recovery, it is uncertain if it will spill over to urban centers.
A state of volatility dominates the GBP/USD performance in the last trading sessions, as with the exploitation of the USD decline and the optimism of the European agreement.
The USD/BRL has proven capable of maintaining its short term bearish trend, and trading the past twenty-four hours which has established support levels may continue to be tested.
AUD/USD: New 1-year high prices again yesterday
Speculators who believe the USD/NOK will continue to test seemingly vulnerable support levels cannot be faulted for selling the US Dollar against the Norwegian Krone.
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As global risk appetite continues to remain steady and equity indices maintain an optimistic sentiment, the USD/INR has lingered near important support levels.
The peaceful waters of the USD/PKR should be enjoyed while its rather short term consolidated range perhaps calms speculators.
GBP/USD: Looking to breakout beyond 1.2750
Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), the country’s central bank, cautioned that the economy remains in a dire state due to the Covid-19 pandemic.
Mexico is on course to overtake Peru as the sixth-most infect Covid-19 country this week.
The British pound initially pulled back a bit during the trading session on Wednesday but found enough support near the 1.2650 level to show just how strong things are getting in the British pound.