Aussie dollar pauses at 0.6550 amid trade deal hopes and bullish crossover setup. Watch for daily close confirmation and short-term buying zones.
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/JPY trades below 145 as resistance and 50-day EMA cap gains. Pullbacks to 142 remain buying opportunities amid strong rate differential.
AUD/USD steadies at $0.6500 as golden cross nears. Soft CPI and US-China trade truce support bullish view, but rising wedge suggests caution.
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BTC/USD trades just below $110K in bullish setup. Cup-and-handle pattern and ETF inflows suggest a breakout toward $115,000 is within reach.
GBP/USD tests 1.3555 amid softer US CPI and UK contraction concerns. Bearish wedge pattern suggests potential dip toward 1.3315 support.
EUR/USD breaks higher as US CPI misses expectations. With momentum building, traders watch 1.1600 and ECB commentary for next breakout signal.
DOGE holds steady near $0.19 as traders await breakout confirmation. RSI, MACD, and chart signals suggest recovery potential. $0.21 and $0.25 in focus.
Gold consolidates near $3320 as bulls watch for a breakout. US inflation data and global trade talks could drive momentum toward $3400+.
The euro remains strong above 1.1400 ahead of US CPI data. Technicals support bullish continuation. Goldman Sachs raises long-term EUR/USD target to 1.25.
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USD/SGD moves sideways near long-term support at 1.28000. CPI data and US-China tariff talks may determine the next directional breakout.
USD/BRL breaks below key support as traders react to USD softness and Brazil's economic challenges. See near-term support and resistance zones.
The dollar hovers near major resistance at ¥145 as CPI data looms. Key technical levels include support at ¥142 and resistance at ¥146.50.
Euro rebounds after dip but remains rangebound as CPI and Fed policy direction loom. See key levels and expectations for EUR/USD price action.
British pound rebounds after early selling as traders await US CPI data. Watch 1.3650 resistance and 1.34 support in a likely short-term range.
Aussie rallies ahead of CPI data as AUD/USD approaches resistance. A daily close above 0.6550 sets up a long trade targeting 0.6725.