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.
USD/CHF remains supported by the large interest rate differential between the US and Switzerland, with the franc continuing to serve as a carry-trade funding currency.
EUR/JPY is attempting to stabilize within the ¥175–¥178 demand zone as buyers look for value, although French debt concerns continue to weigh on the euro. A break above ¥178 could support a move toward ¥181, while a fall below ¥175 would significantly weaken the outlook.
AUD/USD is showing signs of stabilizing near the lower end of its broader trading range, with buyers appearing around 0.6950. Oversold momentum, a relatively hawkish RBA and commodity demand could support a bounce, although the pair remains range-bound.
GBP/USD Nears a Turning Point After Holding 1.3200
Gold is testing a major $4,000–$4,200 demand zone and its longer-term uptrend line as high interest rates pressure prices. Remains bullish longer term, with a break above the 200-day EMA potentially opening the way toward $4,700.
USD/CAD looks overextended and could pull back toward 1.42–1.4150, but the broader outlook remains bullish. Chris is watching for a break above 1.43 combined with a weaker-than-expected Ivey PMI as a potential buy signal targeting 1.4415.
NZD/USD is testing major support around 0.55–0.56 and may be due for a short-term bounce. However, we remain bearish and favors selling signs of exhaustion near 0.57, while a break below 0.55 would signal a major technical breach.
EUR/USD remains bearish after breaking a major support level, as concerns over French debt and rising US yields pressure the euro. Short-term rallies may attract sellers, with 1.10 emerging as the next major downside target.
AUD/USD has staged a modest rebound despite a stronger US dollar and weaker iron ore prices. However, bearish technical signals suggest the pair could retreat toward 0.6900.
Bitcoin remains technically bullish after confirming a break-and-retest pattern and holding above key support. A breakout above $87,310 could trigger a move toward $90,000.
EUR/USD has fallen to a 17-month low as European political and debt concerns intensify. Despite oversold conditions, the broader bearish trend could push the pair toward 1.1000.
The AUD/USD has continued its cautious climb higher this week after in-line services PMI data released on Monday increased expectations that U.S. interest rates will remain on hold this month.
The trend is intact, participation across the broader crypto market remains unsettled, and a new category of regulated leverage product now sits closer to the market's edge. Early trading will begin sorting through which of those threads carries the most weight.
The precious metal has seen a rather solid downturn emerge the past month. In recent trading as its speculative short and near-term nature fight with its consistent underlying value which creates dynamic price action for speculators
Silver remains under pressure as US interest rates rebound, but the metal is holding above a major $55–$60 support zone. Buyers could return in this area, although bond-market moves and geopolitical headlines remain key risks.
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