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 NZD/USD pair broke down during the session on Friday, as the jobs number out of the United States came out much better than anticipated.
The EUR/USD pair broke down during the session on Friday, finally clearing the 1.10 level decisively. This of course was a reaction to the nonfarm payroll numbers coming out stronger than originally anticipated, which of course brings in more money to the United States.
The USD/CAD pair broke higher during the course of the session on Friday, slicing through the 1.25 level, and breaking above the potential down trending line from the possible descending triangle that had been forming.
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Gold prices fell for a fourth straight session on Thursday as gains in the dollar and equities diminishes the appeal of safe haven assets. While some investors moved to the sidelines ahead of key U.S. employment data, some pulled back from bets on the metal.
The EUR/USD pair tried to rally during the session on Thursday, but turned back around to test the 1.10 level, an area that I had looked at as a longer-term target. Now that we have hit that area, I find it very interesting that we do so.
The NZD/USD pair fell during the session on Thursday, as we continue to see a downward move in this pair. It makes perfect sense though, as the New Zealand dollar of course is highly sensitive to the commodity markets overall.
The GBP/AUD pair bounced slightly during the session on Thursday, showing the 1.95 level to be supportive. This was the anticipated move, and as a result I believe we are now going to try to break out and above the 1.96 handle.
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The USD/JPY pair took out to the upside during the session on Thursday, but as you can see struggled above the 120 handle.
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