Forex Daily Forecast, Analysis and Prediction

The pair is moving in an upward correction range for six trading sessions in a row, in an attempt to compensate for its recent sharp losses.

The boring performance in limited movements rang remains the most important characteristic of the USD/JPY performance for six trading sessions in a row.

The USD/NOK is trading near the 9.27800 vicinity and this is a remarkably interesting support level.

Only two days ago the USD/ZAR was trading near crucial resistance of 17.20000.

In early trading today the USD/INR has suddenly spiked lower and is near the 73.10000 juncture as values shift with speed.

Although the USD/INR has seen a bearish reversal seemingly take place the past couple of days, technically the Indonesian Rupiah still appears vulnerable to potential higher moves.

Mexico could be on the verge of seeing a sharp increase in new Covid-19 infections, warns Arturo Erdely, a mathematician at the National Autonomous University (UNAM).

Brazil seeks ways to extend financial support to the poor are the country reports over 30,000 new Covid-19 infections daily.

The US dollar initially pulled back a bit during the trading session on Wednesday, only to turn around and rally towards the 50 day EMA yet again.

The S&P 500 has gone back and forth during the trading session on Wednesday, as we have no idea what to do next.

AUD/USD: Recovery in risk sentiment boosting Aussie Dollar

The Bitcoin market initially tried to rally during the trading session on Wednesday, but as you can see the $11,000 level continues to cause a lot of headaches for buyers.

USD/JPY: 106.00 area remains pivotal

The Australian dollar rallied a bit during the trading session after initially pulling back at the open on Wednesday.

The NASDAQ 100 had a very volatile trading session during the day on Wednesday, as it was the end of the month and the end of the quarter.