Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied a bit during the trading session on Wednesday only to turn around and fall apart again.

The West Texas Intermediate Crude Oil market initially rallied during the day on Wednesday as we continue to dance around the $60 level in general.

The British pound has gone back and forth during the trading session on Wednesday but settled on a green candlestick as the 1.3750 level is an area that has been important more than once.

Gold markets have rallied significantly during the trading session on Wednesday to see the market vaults above the $1700 level.

Bitcoin markets have fallen a bit during the opening hours on Wednesday, only to turn around and show signs of strength yet again.

The USD/CHF has seen another burst higher in the past week of trading and is now challenging long-term resistance levels.

The NZD/USD has suffered a significant fall in value the past week and mid-term support levels continue to be challenged.

The USD/ZAR has been able to produce a rather tight range the past couple of days, but important support levels are being tested.

Resistance levels were brushed aside swiftly by the USD/INR yesterday as the Forex pair spiked higher.

The all-time high at $61K came into sight again.

The continued strength of the US dollar and bond yield gains contributed to the collapse of the price of gold to the $1679 support level before stabilizing around $1685.

Amidst a sharp struggle between bears and bulls for the performance of the GBP/USD, the bears succeeded in pushing the pair towards the 1.3705 support level.

The USD/JPY pair succeeded in moving towards the 110.42 resistance level, its highest in a year, before settling around the 110.30 level as of this writing.

The bearish momentum of the EUR/USD continued, reaching a 4-month low at the 1.1710 support, as the pair trades in the last session of Q1 2021.

The Euro has fallen hard during the course of the trading session on Tuesday to reach down towards the 1.17 level.