The Australian dollar erased early gains despite positive US-China tariff news, with AUD/USD showing bearish signals below 0.6350 as the US dollar strengthens broadly.
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 jumps on risk-on sentiment and tariff relief; 140 seen as key support with potential bullish momentum building toward 150.
After approaching its record high price well above $100k, Bitcoin sold off yesterday on the US Dollar revival but found support at $101,581.
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The euro fell sharply after US-China trade progress, with EUR/USD facing resistance at 1.12 and likely heading toward 1.0950 amid continued bearish sentiment.
The USD/CAD pair is bouncing strongly as the US dollar gains on trade optimism and Canada's economic underperformance, with technicals pointing to a potential rise toward 1.42.
The USD/ZAR pair is consolidating in a tight range as markets weigh mid-term uncertainty, with resistance near 18.26800 and support around 18.24050 shaping short-term momentum.
The USD/MXN pair has bounced off recent lows as USD strength returns, but with volatility and conflicting sentiment, resistance near 19.62500 may test bullish momentum.
Despite a retreat on USD strength, the AUD/USD pair may rebound to 0.6500 as trade optimism and technical patterns support a short-term bullish outlook.
The GBP/USD pair has dropped sharply as USD strength surges on US-China trade hopes, with key UK and US economic data likely to drive further moves.
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The EUR/USD pair broke key support as USD strength surged on US-China trade progress, with bearish momentum likely to persist ahead of US inflation data.
The Turkish lira continued its sharp decline against the U.S. dollar, losing over 30% in a week, with bearish pressure dominating amid oversold signals and weak fundamentals.
Gold prices remain under pressure near $3326 amid risk-on sentiment and U.S.–China trade optimism, with a possible break below $3220 signaling deeper losses.
USD/JPY extended gains to 146.28 on risk-on sentiment from US-China trade progress, with bulls eyeing 147.50–150.00 and key support holding near 145.00.
Despite broad USD strength, GBP/USD remains resilient near 1.3255, supported by UK–US trade deal optimism and risk-on sentiment ahead of key UK wage data.
EUR/USD remains under pressure within a descending channel, with bearish momentum pointing to a possible break of 1.1130 support ahead of key U.S. inflation data.