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 AUD/USD pair rebounded to its highest point since June 12th as market participants predicted that the Reserve Bank of Australia (RBA) could decide to hike interest rates later this year.
The US dollar has fallen rather significantly over the last couple of days against the Russian ruble.
The Swiss franc has been somewhat quiet during the trading session on Wednesday, but while you were not paying attention, it had spiked quite radically against several currencies.
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The US dollar has bounced a bit during the trading session on Wednesday as we continue to see a lot of noisy behavior in the US dollar versus Indian rupee pair.
Bitcoin price has remained under intense pressure in the past few weeks as demand for the coin continues to wane.
The GBP/USD exchange rate wavered after the UK published encouraging inflation data ahead of the important Bank of England (BoE) decision.
The EUR/USD exchange rate was flat during the Asian session as traders watched the recent ECB statement on the European economy.
The Euro initially pulled back just a bit during the trading session on Wednesday, but keep in mind Wednesday will have been a slower day due to the fact that Juneteenth was going on in the United States.
The Euro initially pulled back just a bit during the trading session on Wednesday against the Japanese Yen.
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The British pound initially pulled back just a bit during the course of the early hours on Wednesday only to turn around and show signs of life again.
The US dollar did fall slightly during the trading session on Wednesday against the Loonie.
Gold markets have done very little during the trading session on Wednesday, which is not a huge surprise considering it was Juneteenth in the United States.
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At the start of trading today, Wednesday, USD/JPY is hovering bullishly around the 157.92 resistance level.
For the third day in a row, the price of the pound sterling against the US dollar GBP/USD is trying to rebound higher with gains at the level of 1.2732.
During today's trading, Wednesday, the EUR/USD price is expected to remain moving within a narrow range with a bearish bias, settling around 1.0730 at the time of writing the analysis.