The Australian dollar stabilizes within a consolidation range, with traders awaiting US jobs data to determine if AUD/USD breaks resistance or resumes its downtrend.
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 New Zealand dollar struggles to sustain gains, facing resistance at 0.58, with bearish momentum likely to continue amid global economic uncertainty.
The US dollar rebounds against the Swiss franc, with interest rate differentials driving bullish momentum and a potential breakout above 0.92 in focus.
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The US dollar weakens against the South African rand, but political risks, tariffs, and key support near 18.25 could drive future market movements.
The Turkish lira stabilizes as the government issues its first dollar bonds of 2025, while USD/TRY remains in an upward trend, targeting resistance at 36.25.
Gold prices hit a record high of $2,882 per ounce, driven by rate cut expectations, geopolitical tensions, and economic uncertainty, with potential for further gains.
EUR/USD struggles to rebound as economic concerns, US tariffs, and ECB policy keep the pair in a strong downtrend, with traders awaiting US jobs data for direction.
USD/JPY drops to a two-month low as the yen strengthens on BoJ tightening signals and risk-off sentiment, with traders awaiting US jobs data for further direction.
The British pound tests key resistance before the BoE rate decision, with upcoming statements and US jobs data likely to drive significant market volatility.
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The NASDAQ 100 continues consolidating between key support at 21,000 and resistance at 22,000, with long-term bullish momentum driven by strong tech demand.
The euro surged to the 50-day EMA but faces strong resistance, with technical indicators and economic factors suggesting further downside potential.
The US dollar has weakened against multiple currencies, including the Swiss franc, but with the 50-day EMA near 0.90 and Swiss rate cuts, value-seeking traders may look to buy.
USD/CAD tests the 50-day EMA near 1.43, as traders await US and Canadian employment data to determine the pair's next direction.
USD/MYR remains within its established range after early volatility, as traders focus on support at 4.4300 and market reactions to US economic data.
USD/INR climbs to record levels, with traders watching the Reserve Bank of India’s policy moves and potential rate cut for further direction.