The highs achieved yesterday in the USD/BRL produced a reversal lower in the later hours signaling that financial institutions clearly thought the currency pair had been overbought leading up to the Fed drama.
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 immediate change came from the Federal Reserve’s latest communication. Although the interest-rate increase itself had been widely anticipated, the accompanying tone was more hawkish than many participants expected.
Platinum stabilizes as the US 10-year yield slips below 5%, with traders watching Fed guidance, flat EMAs, silver correlation, and a possible breakout above $1,826.
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Copper tests the 50-day EMA as supply constraints, electrification demand, data-center growth, tariff uncertainty, and Fed-driven dollar moves support the bullish setup.
Why USD/INR’s Move Above 96.00 Is Losing Momentum
EUR/USD Signal: Can Bulls Break 1.1487 After Fed?
NZD/USD remains under pressure as Fed guidance, rate differentials, dovish RBNZ expectations, and oil-shock risks keep rallies capped near 0.58.
EUR/CHF remains supported by ECB tightening expectations, rising eurozone yields, and the Swiss franc’s carry disadvantage, though 0.95 resistance may slow momentum.
AUD/JPY remains choppy inside its long-running range as ¥110 support, the 200-day EMA, RBA carry demand, and the Bank of Japan decision guide sentiment.
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AUD/USD extends its decline after the Fed rate hike as US dollar strength, firm retail sales, rising inflation risks, and a break below the 50-day MA pressure the pair.
BTC/USD falls below $76,000 as Fed rate hikes, CLARITY Act setbacks, ETF outflows, and bearish chart patterns increase downside pressure.
GBP/USD falls after the Fed rate hike as traders shift focus to the Bank of England decision, strong UK inflation, and key US economic data.
GBP/USD After the Fed: Is the Bearish Move Over?
The recent crypto pullback is being shaped by more than chart resistance. Regulatory disappointment, tighter monetary expectations and rising realized losses among short-term holders (STHs) are now converging in an already unstable market.
Traders are weighing the prospect of tighter US policy against a market already shaped by oil volatility and concerns around long-term US borrowing costs. That combination leaves the pair in a narrow area where conviction appears limited.