Forex Daily Forecast, Analysis and Prediction

Despite criticism of the New Zealand government’s reliance on infrastructure projects to grow out of the Covid-19 global pandemic,

Australian job advertisements slumped for March while February exports and imports posted contractions.

AUD/USD: Resistance possible around 0.6200

The US dollar has rallied a bit against the Japanese yen, breaking significantly above the resistance that we had seen over the last couple of days.

The Euro has gone back and forth during the trading session on Monday to kick off the week.

The British pound has gapped lower to kick off the trading week on Monday, but then turned around to rally not only billing the gap but breaking above there.

The US dollar has exploded to the upside against South African Rand as of late, considering that the market had been as low as 15.50

The Australian dollar has rallied significantly during the trading session on Monday, showing signs of support at the 0.60 level.

USD/JPY: Pivotal point at 109.23

BTC/USD: Breakout above key level at $7,228

GBP/USD: More bullish on USD weakness

EUR/USD: Broke key resistance at 1.0832

The NASDAQ 100 has rallied significantly during the trading session on Monday, breaking above the 8000 handle.

The S&P 500 rallied significantly during the trading session on Monday to kick off the week, breaking above the 2650 level at one point.

Silver markets have rallied significantly during the trading session on Monday, clearing above the $15.00 level, and perhaps even more importantly the 15 point to zero dollars level.