AUDUSD analysis: Downtrend but support at 0.6862 pivotal
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 Euro showed a lot of volatility during the trading session on Tuesday, as the markets initially tried to rally during the trading session and reach this high as the 1.1250 level.
Bitcoin markets went back and forth during the trading session on Tuesday, as we reached towards the $9200 level.
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The S&P 500 has rallied significantly during the trading session on Tuesday, as the ECB has signaled its willingness to add more liquidity to the market and of course engaging in quantitative easing.
The US dollar fell rather hard against the Japanese yen initially during the trading session on Tuesday, testing the ¥180 level.
The WTI Crude Oil market took off to the upside during the trading session on Tuesday, as the ECB suggested more quantitative easing is on the way.
During the trading session on Tuesday we have seen a lot of volatility in the precious metals markets, not only gold, but also silver.
AUDUSD analysis: Temporary support holds up at 0.6827