Forex Analysis

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AUD/USD Technical Analysis 23rd August 2021

The Aussie Dollar extended its decline and it tested the 0.7100 zone against the US Dollar. The AUD/USD pair traded as low as 0.7106 and it is now attempting an upside correction. It recovered above the 0.7130 level, but it is facing many hurdles near the

Gold Price Eyes More Gains, Crude Oil Price Faces Hurdles

Gold price started a fresh increase after it tested the $1,680 support. Crude oil price declined and tested the $62.50 support zone. Important Takeaways for Gold and OilGold price started a major increase after a sharp decline to $1,680 against the US Dollar.A key bullish flag

EUR/USD and EUR/JPY: Euro Eyes Recovery

EUR/USD extended its decline and tested the 1.1700 support zone. EUR/JPY is currently attempting an upside correction above the 128.40 resistance. Important Takeaways for EUR/USD and EUR/JPYThe Euro extended its decline below the 1.1750 and 1.1720 support levels.There was a break

GBP/USD Faces Resistance While GBP/JPY Dives Below 152.00

GBP/USD started a fresh increase after a drop to 1.3800. Conversely, GBP/JPY is declining and it broke the key 152.00 support zone. Important Takeaways for GBP/USD and GBP/JPYThe British Pound traded as low as 1.3790 before it started an upside correction against the

AUD/USD and NZD/USD Target Additional Losses

AUD/USD started a fresh decline from well above the 0.7400 level. NZD/USD also declined below the 0.7020 and 0.7000 support levels. Important Takeaways for AUD/USD and NZD/USDThe Aussie Dollar started a major decline after it failed to clear 0.7440 against the US

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