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Forex Market Update - ForexLive

Crude oil continued its decline since yesterday and is nearing the 78.15 level of support. If that level holds a correction is expected.

EUR/USD is stuck near the 1.0855 of resistance waiting for eurozone data.

AUD/USD wasn't supported by the larger-than-expected Current Account surplus and Net Exports Contribution to GDP and is heading towards the 0.6490 level of support.

GBP/USD awaits Wednesday's Budget announcement and anticipated tax cut.

USD/CAD is flat with market participants awaiting for the BoC monetary policy announcement and Jerome Powell's testimony in Congress this week.

USD/JPY is near the 150.50 level of resistance and lacks clear direction.

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2024-03-05 06:01:00Z
CBMiPGh0dHBzOi8vd3d3LmZvcmV4bGl2ZS5jb20vbmV3cy9mb3JleC1tYXJrZXQtdXBkYXRlLTIwMjQwMzA1L9IBQGh0dHBzOi8vd3d3LmZvcmV4bGl2ZS5jb20vbmV3cy9mb3JleC1tYXJrZXQtdXBkYXRlLTIwMjQwMzA1L2FtcC8

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