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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Gold prices surged to their highest level in a year as investors continued to pull money out of equities and flocked to the safety of the precious metal.
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Gold prices hit their highest level since May 22 during today's Asian session as investors scaled back expectations for more U.S. rate increases after Federal Reserve Chair Janet Yellen stressed that the policy was not on a pre-set course and they would respond appropriately to developments in international conditions and their impact on the economy.
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The USD/JPY pair initially trying to break down a bit during the course of the day on Tuesday but we did get a little bit of a bounce. The NZD/USD pair rose during the day on Tuesday, as we continue to bounce around current areas.
The WTI Crude Oil markets fell again during the day on Tuesday, as we tested the $28 level again. Natural gas markets had a volatile session on Tuesday, as we continue to hover around the $2.10 level.