Forex Daily Forecast, Analysis and Prediction

For the 5th consecutive day, the USD/JPY was moving in an upward correction range, but with very limited gains not exceeding the 108.00 level, where the pair is settled at the time of writing.

The last trading session in the first half of 2020 was good to the GBP/USD performance in a way that attracted the attention of Forex traders as the pair moved towards the 1.2400 resistance.

The upward correction opportunities for the EUR/USD currency pair remain weak.

The British pound initially pulled back during the trading session on Tuesday but found enough support underneath the turn around and rally.

The Australian dollar initially pulled back a bit during the trading session on Tuesday but then found buyers to turn around and reach towards the 0.69 level.

Sweden faced severe criticism for not imposing a strict nationwide lockdown, arguing it is not necessary.

The month of June provided choppy trading for the USD/NOK currency pair.

The Swiss Franc has enjoyed a very public display of love from investors who believe the currency is very stable and its central bank is governed properly.

Mexico is on the verge of becoming the tenth most infected Covid-19 country, overtaking Iran, and could surpass Italy by the end of this week as the ninth.

India’s economy is under significant stress related to the global Covid-19 pandemic.

New Zealand appears to have the Covid-19 pandemic contained, with isolated cases over the past few weeks.

The South African Rand continues to exhibit a tight consolidated range.

USD/BRL: Brazilian Real Has Appeared Vulnerable Recently

The Pakistani Rupee is trading near important short term resistance against the US Dollar and speculators may suspect it is time to search for a reversal.

USD/INR: Indian Rupee Continues To Wage Resistance Battle