Check out this week's Trading Support and Resistance- Forex Trading FX Money Markets
Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of January, I forecasted that the EUR/USD currency pair would rise in value and that the USD/JPY currency pair would fall in value.Last week, I made no weekly forecast. This week, I again make no weekly forecast, as there were no unusually strong truly counter-trend price movements in the market last week..
Last week was dominated by relative strength in the Australian Dollar, and relative weakness in the Japanese Yen.
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