The New Zealand dollar tested support near 0.56 on Tuesday but remains a weak performer against the US dollar, with resistance at 0.57 reinforcing the bearish trend.
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 British Pound rallied against the Swiss franc on Tuesday as SNB resistance to franc strength lifted GBP/CHF above key technical levels, hinting at a potential bottom.
The euro rallied Tuesday on growing Fed rate cut expectations, but technical resistance near 1.17 and support at 1.14 suggest the EUR/USD remains vulnerable to reversals.
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The Australian dollar bounced back on Tuesday, holding within its 0.64–0.67 range as shifting Fed rate cut bets continue to drive AUD/USD volatility.
Bitcoin's rebound to $87,500 is losing steam, with bearish technical patterns and weak ETF inflows hinting at a potential drop toward the $80,637 support zone.
GBP/USD hovers near 1.3200 as a bearish flag pattern forms, with traders eyeing Rachel Reeves’ budget speech and growing expectations of a December BoE rate cut.
EUR/USD remains under pressure below key technical levels as rising expectations of a December Fed rate cut and weak US data reinforce a bearish outlook.
Gold (XAU/USD) remains supported above $4000 as market uncertainty and growing Fed rate cut expectations buoy prices ahead of major US economic data.
EUR/USD holds in a tight bearish range as traders await pivotal US economic data, with a breakout likely depending on inflation and retail sales figures.
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The US dollar continues to strengthen against the yen, with rate differentials driving upside momentum and key support levels attracting buyers toward the 160 target.
USD/CHF is testing key resistance near 0.8150, and a breakout above the 200-day EMA could trigger bullish momentum toward 0.8350, supported by strong fundamentals and SNB posture.
The DAX index bounced from key support at 23,000 and the 200-day EMA, with traders cautiously targeting 24,500 as global sentiment hinges on upcoming signals from the Federal Reserve.
The British pound saw a slight rebound on Monday, but resistance near 1.32 and looming bearish technical patterns suggest further downside could be ahead.