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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Bitcoin climbs above $65K as softer US CPI eases Fed rate-hike odds, putting the $64K–$65K resistance zone and $60K support back in focus for traders.
USDCAD Holds Uptrend Support as Oil and Rates Pull in Different Directions
GBP/JPY stalls near 218 as carry trade demand, Bank of Japan policy limits, yen weakness, and 215 support keep the broader uptrend intact.
WTI Oil Holds Below $80 Amid Middle East Tension
EUR/CAD drops as Middle East tensions lift crude oil, strengthening the Canadian dollar while energy risks pressure the euro.
Copper rallies as lower US CPI weighs on the Dollar, with traders watching the 50-day EMA, strong demand, and resistance near $6.50.
NZD/USD rallies after cooler US CPI, testing the 200-day EMA and 61.8% Fibonacci level as traders watch 0.5865 breakout resistance.
CAD/JPY breaks above 115 as rising oil prices, Middle East tensions, yen weakness, and Bank of Japan policy constraints support the upside.
GBP/USD trades flat near 1.3387 as traders watch US PPI data, Kevin Warsh testimony, UK GDP, and bearish divergence signals.
AUD/USD holds near 0.6975 after softer US CPI, but a bearish flag, Fed uncertainty, PPI data, and geopolitical risks keep downside pressure in focus.
BTC/USD shows bottoming signs as softer US inflation, risk-on sentiment, bullish technical patterns, and Fed expectations lift Bitcoin.
EUR/USD Is Starting to Show Bullish Impulsive Buying
USD/SGD plunges below 1.2900 after weaker US CPI data, with traders watching the 50-day EMA, 200-day EMA, and Dollar weakness.
Gold has just tested and briefly cleared a major support zone, with the price spiking to $4,100 after today’s US CPI print came in at 3.5% versus 3.8% expected.
Euro Is About to Break Its 1.14 Stalemate – Will US Rates Force a Selloff?
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