Forex Analysis

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AUD/USD and NZD/USD Could Eye Fresh Increase

AUD/USD started a fresh decline from the 0.6980 resistance. NZD/USD is also declining and might even trade below the 0.6150 support. Important Takeaways for AUD/USD and NZD/USD· The Aussie Dollar started a fresh decline below the 0.6920 support zone against the US Dollar.

EUR/USD and USD/CHF At Risk of More Losses

EUR/USD started another decline and traded below 1.0550. USD/CHF is consolidating and facing many hurdles near the 0.9580 zone. Important Takeaways for EUR/USD and USD/CHF· The Euro failed to gain pace for a move above the 1.0600 resistance zone against the US Dollar.

GBP/USD Eyes Upside Break While USD/CAD Is Diving

GBP/USD could gain pace if it clears the 1.2320 resistance zone. USD/CAD is sliding and could extend losses below the 1.2870 level. Important Takeaways for GBP/USD and USD/CAD· The British Pound is attempting an upside correction from the 1.2150 support zone. · There is

Gold Price and Oil Price Could Extend Losses

Gold price is struggling below the $1,850 resistance zone. Crude oil price is declining and might even trade below the $100 support zone. Important Takeaways for Gold and Oil· Gold price struggled above $1,850 and corrected lower against the US Dollar. · There was a break below a key

EUR/USD Could Rise, USD/JPY Remains In Strong Uptrend

EUR/USD struggled near 1.0580 and corrected lower. USD/JPY is rising and might continue to gain pace towards the 138.00 resistance Important Takeaways for EUR/USD and USD/JPY· The Euro started a downside correction after it failed to surpass 1.0580. · There is a key bullish

GBP/USD Faces Resistance While EUR/GBP Eyes More Gains

GBP/USD started a fresh increase above the 1.2150 resistance. EUR/GBP is showing positive signs above the 0.8550 resistance zone. Important Takeaways for GBP/USD and EUR/GBP· The British Pound started a decent increase above 1.2150 against the US Dollar. · There was a break below

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