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 sits in quiet rebellion against consensus. While traders had positioned for a dovish Fed pivot, recent communications suggest the central bank may hold or hike instead, leaving positioning exposed and conviction fragile.
USD/INR Plunges Below 95 as Rupee Strength Surprises Markets
USD/JPY has pulled back sharply toward the 158 support area after suspected Bank of Japan intervention. The 200-day EMA and rising trendline are helping stabilize the pair, while a recovery above 160 could reopen the path toward 162.
EUR/CAD continues to trade sideways, with 1.60 acting as key support and 1.62 capping the upside. Traders are watching for a potential bounce as momentum nears oversold territory ahead of Canadian and US jobs data.
EUR/AUD remains under bearish pressure as sellers defend rallies and the pair approaches the crucial 1.60–1.61 support zone. A break below 1.60 could accelerate losses, while a sustained recovery above 1.66 would be needed to improve the longer-term outlook
GBP/CHF is struggling to break above the 1.10 barrier, but the broader carry trade setup still favors the pound. A pullback toward 1.0933 could attract buyers, with 1.0820 as the stop level and 1.1120 as the upside target.
AUD/USD remains near recent highs after resilient Australian growth data, but technical signals point to downside risk. A rising wedge, bearish PPO crossover and divergence keep 0.7050 in focus ahead of the US NFP report.
BTC/USD is holding near crucial support as rising bond yields, a stronger US dollar and tighter Fed expectations weigh on sentiment. Bearish momentum is building, with a break below $76,250 potentially opening the way toward $70,000.
EUR/USD remains under pressure ahead of the August US nonfarm payrolls report after weaker private-sector hiring data. A bearish flag and resistance from the descending trendline keep the downside in focus, with 1.1500 the key target.
GBP/USD Price Outlook as Dollar Strength Pressures Sterling
Bitcoin tests $77,000 as on-chain momentum turns positive. A move above $80,000 could confirm a recovery, while failure risks a pullback toward $74,000.
USD/CAD has benefited from the widening yield spread between US and Canadian bonds, creating a structural advantage for dollar longs that institutional investors have aggressively exploited.
USD/JPY remains near the crucial 160 level and 50-day EMA as the US-Japan rate differential continues to support the carry trade. Intervention risk remains a concern, while Friday’s US jobs report could provide the next major catalyst.
AUD/CHF has pushed above the 0.5800 level as the Australian dollar benefits from a favorable rate differential against the Swiss franc. The broader bias remains bullish, with 0.5990 as the upside target and 0.5700 marking key support.
WTI Crude Oil Surges Above $91 on Middle East Escalation
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