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.
The NZD/USD has fallen once again and as of this writing the 0.56065 ratio is seeing price action as nervousness is clearly influencing the currency pair and global Forex.
EUR/USD continues to face heavy selling pressure, reinforcing the broader downtrend that has dominated recent months. With rate-cut expectations softening and technical levels weakening, the pair appears vulnerable to a move toward 1.14 and potentially 1.11 unless it can reclaim higher resistance.
The GBP/USD exchange rate recoiled and slipped sharply overnight after the Federal Reserve published hawkish minutes of the last monetary policy meeting. It dropped to a low of 1.3053, down from the year-to-date high of 1.3800.
The EUR/USD exchange rate retreated after the Federal Reserve released minutes of the last monetary policy meeting, in which officials decided to cut interest rates by 0.25%.
USD/CAD pushed higher as support near 1.40 held firm, with the broader uptrend reinforced by the 50-day EMA. Rate-cut expectations have softened, the interest-rate spread favors the U.S., and the pair appears positioned for a continued grind toward 1.42–1.4250.
The BTC/USD pair continued its recent sell-off after the Federal Reserve released minutes of the last monetary policy meeting and after Nvidia published upbeat financial results. Bitcoin was trading at $91,300 on Thursday morning, a few points above this week's low of $88,930.
The AUD/USD exchange rate continued to consolidate after the Federal Reserve published minutes of the recent monetary policy meeting and as traders waited for the upcoming US jobs data. It was trading at 0.6485, where it has remained in the past few days.
As of this writing the USD/SGD is near the 1.30765 ratio and showing an ability to challenge mid-term resistance levels, this as financial institutions appear to have acknowledged changing sentiment regarding U.S interest rates.
Gold (XAU/USD) is showing signs of a bullish reversal above $4090 ahead of the FOMC minutes, with traders watching $4120 resistance and $4050 support for the next move.
EUR/USD continues to consolidate around 1.1586 ahead of critical Eurozone inflation and U.S. Fed minutes, with markets poised for a breakout from its recent tight range.
USD/ILS has rebounded from long-term lows but remains trapped in a bearish range as traders navigate global risk aversion and await clarity from the U.S. Federal Reserve.
USD/BRL rebounded from recent lows on Wednesday as risk sentiment remains cautious ahead of the Fed minutes and U.S. jobs data, with traders watching the 5.3000 level for short-term direction.
USD/INR dipped slightly on Tuesday but remains supported near 88.50, with the broader uptrend intact amid RBI intervention and continued global dollar strength.
Meta stock looks to recover after a sharp drop below $600, with buyers watching $620 as a key level for a potential bullish reversal amid broader AI sector concerns.
Silver remains volatile but supported near $50, with bulls needing a break above $51.50 to regain momentum while $47 serves as the critical line in the sand.
