The US dollar rallied against the Swiss franc on Wednesday as optimism around easing trade tensions fueled a rebound from recent lows, with the 0.81 level acting as key support.
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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Gold continues to retreat from recent highs near $3,500 as traders take profits, with eyes on the $3,200 support level for a potential buying opportunity.
The AUD/USD pair is pulling back after hitting key resistance, with technical indicators suggesting a short-term drop toward 0.6280 before potential upside resumes.
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Bitcoin price surged to $94,587, fueled by ETF inflows and bullish momentum, with technical signals suggesting a continued rally toward the $99,000–$100,000 zone.
GBP/USD has pulled back from the 2024 high of 1.3427 to test support at 1.3100, with technical indicators suggesting a potential rebound after consolidation.
EUR/USD pulled back from multi-year highs to test the key 1.1212 support zone, forming a break-and-retest pattern that could signal a bullish continuation.
The EUR/USD pair remains in an overall bullish trend as traders await key Eurozone PMI data, with recent pullbacks seen as normal within the broader uptrend.
Gold prices pulled back from record highs near $3500 due to profit-taking and easing political tensions, but the broader bullish trend remains intact.
The NZD/USD pair touched fresh highs near 0.6030 but remains highly volatile, with traders urged to proceed cautiously amid fast-moving and speculative conditions.
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USD/JPY rebounded from the critical ¥140 level on Tuesday, hinting at a potential reversal if the pair clears ¥143 amid ongoing tariff-driven volatility.
USD/JPY rebounded from the critical ¥140 level on Tuesday, hinting at a potential reversal if the pair clears ¥143 amid ongoing tariff-driven volatility.
Silver remains volatile as it consolidates around the $33 resistance level and 50-day EMA, with traders awaiting direction amid global tariff tensions.
The German DAX rebounded strongly on Tuesday but now faces critical resistance at €21,500, with technical and geopolitical factors capping further gains.
The Australian dollar is facing strong resistance at the 200-day EMA, signaling potential exhaustion after a sharp rally amid ongoing global trade uncertainties.
The US dollar continues to consolidate against the Canadian dollar around the 1.3850 level, with traders watching key technical levels and trade war developments for the next move.