The Australian dollar pulled back into its previous range between 0.6350 and 0.65, as weak volume, China’s trade signals, and key EMAs keep the market indecisive.
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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There are initial signs of a bullish double bottom chart pattern based on the round number at $1.1300, suggesting higher prices may be likely today.
The New Zealand dollar fell sharply on Tuesday but remains in a tight range, with a golden cross forming and key breakout levels at 0.5850 and 0.6050 in focus.
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The USD/CAD pair is at a critical turning point as a rebound from oversold conditions challenges resistance, with Fed tightness supporting the dollar and loonie softness persisting.
The AUD/USD pair is poised for a bullish breakout toward 0.6600 as technical indicators align and market focus shifts to the Fed's upcoming minutes and trade progress.
The BTC/USD pair is poised for further gains as institutional demand surges, supply tightens, and bullish technical patterns signal a push toward and beyond 111,900.
The GBP/USD pair is expected to drop toward 1.3430 before resuming its upward trend, driven by positive US consumer confidence and bullish technical patterns.
Gold prices fell early Tuesday amid bond market uncertainty, but strong support at $3200 and a bullish trend suggest potential for a rebound toward $3500.
Silver continues trading in a volatile range between $32 and $34, with the $33 level and 50-day EMA offering support as markets await economic clarity.
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The British pound pulled back from 1.36 resistance, but a breakout above 1.3650 could trigger a bullish run toward 1.3925, with key support at 1.34 in focus.
Crude oil prices pulled back after testing resistance at $62, remaining range-bound between $60 and $65 as traders weigh OPEC output, seasonal demand, and economic risks.
Due to the US holiday and the lack of sufficient liquidity to support price movements, the gold price index stabilized at the beginning of the week's trading
Recently, the EUR/USD pair has seen a significant rise from its recent lows, trading above a clearly defined uptrend line and moving towards critical Fibonacci
The GBP/USD exchang rate surged to the highest level since February 2022 as signs showed that the British economy was doing better than expected
The EUR/USD exchange rate continued rising this week after Donald Trump announced an extension to his tariffs from January 1 to July 9 as the two regions