The US dollar initially rallied during the trading session on Wednesday but as you can see, we have seen a lot of exhaustion above the crucial ¥107.50 level.
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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 Australian dollar has rallied again during the trading session on Wednesday, testing the 0.70 level.
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The S&P 500 rallied a bit during the trading session on Wednesday after we initially pulled back.
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AUD/USD: Yet bears still holding 0.7000
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The Euro continues to rally significantly, slamming into the 1.1350 region.
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The past day of trading for the USD/MXN has produced a fairly solid range of 22.6400 to 22.8700 for the currency pair.
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The USD/NOK has produced a solid selling trend the past week.
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The USD/PRK has actually found a slightly bearish trend develop the past couple of days.
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The USD/SGD has seen a burst of selling emerge the past day and short term momentum is making current support levels appear vulnerable.
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BTC/USD: Yet bulls muted below $10,000
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Brazilian President Jair Bolsonaro tested positive for the Covid-19 virus on Tuesday but confirmed that he is in good health.
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India began to ease lockdown restrictions related to the Covid-19 pandemic on June 8th and witnessed a surge in new infections since then.
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