NZD/USD trades near 0.5819 as bearish pressure builds. Support sits at 0.5817, resistance at 0.5823, with Jackson Hole in focus.
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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USD/ILS hovers near 3.4160 after sustaining a break above 3.40, with Jackson Hole remarks expected to drive volatility as support sits at 3.4130 and resistance at 3.4180.
AUD/USD trades near 0.6422 support, with a double bottom pattern signaling a potential rebound toward 0.6500 while 0.6350 remains key downside risk.
Bitcoin trades near $113K as Ichimoku and a double-top pattern signal bearish momentum, with downside targeting $110K unless $118K resistance breaks.
GBP/USD remains under pressure amid risk-off sentiment, with a bearish setup targeting 1.3350 while 1.3585 stands as critical resistance.
EUR/USD is consolidating near 1.1670, with a bullish breakout setup targeting 1.1750 while 1.1550 remains the key bearish trigger level.
USD/CAD consolidates near the 200-Day EMA, with a bullish signal targeting 1.3990 while 1.38 serves as key support for risk control.
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The New Zealand dollar slid against the US dollar after a rate cut, with NZD/USD breaking 0.5850 and testing 0.58 as sellers target 0.56.
The US dollar continues to grind against the rand, with 17.50 acting as strong support while EMAs signal resistance and traders await Powell’s Jackson Hole speech.
The British pound is testing the 50-Day EMA against the US dollar, with downside risks toward 1.3250 and upside potential if 1.36 breaks.
The US dollar is consolidating against the Mexican peso near the 50-Day EMA, with 19.00 as upside resistance while peso strength remains underpinned by higher rates.
Gold bounced off the 50-Day EMA, with bullish momentum aiming for $3,500 while $3,300 and $3,200 remain key downside supports.
The euro is holding above 1.16 support, with traders awaiting Powell’s Jackson Hole speech as EUR/USD remains range-bound between 1.14 and 1.18.