AUD/NZD remained volatile on Thursday, holding above 1.11 as the uptrend persists, with traders using the pair for broader forex positioning.
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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Bitcoin remains in an accumulation phase, holding above the 50-day EMA as buyers step in on dips, with a breakout above $100K potentially triggering a move to $106K.
CAD/CHF pulled back from the 0.64 resistance level, with traders monitoring the 50-day EMA for potential support amid ongoing market uncertainty.
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Ethereum saw slight gains on Thursday but remains range-bound below $2,800, with support at $2,600 and Bitcoin’s momentum likely to influence its next move.
EUR/USD climbed toward 1.05, testing key resistance amid shifting US interest rate expectations and hopes for a milder trade conflict.
GBP/CHF remains pressured at the 1.14 resistance level, with traders watching for a breakout toward 1.16 or a pullback to 1.13 support.
USD/CAD remains range-bound near 1.42, with traders awaiting trade deal clarity and economic developments while the broader uptrend holds.
USD/CHF plunged toward the key 0.90 support level, with traders eyeing a potential breakdown or recovery amid broader US dollar weakness.
AUD/USD broke key resistance on Thursday, gaining bullish momentum as easing US-China tariff concerns boost sentiment, with 0.65 as the next target.
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The Turkish lira remains under pressure as USD/TRY climbs, with analysts predicting further weakness amid economic policy criticism and inflation worries.
GBP/USD remains firm above 1.26 following stronger UK inflation data, with bulls targeting 1.2690 while traders assess US dollar weakness.
USD/JPY approaches the critical 150.00 support level as safe-haven demand for the Yen rises amid geopolitical tensions and interest rate expectations.
Gold reached a record high of $2,947 per ounce, driven by geopolitical tensions and Fed policy signals, with traders eyeing the next target at $3,000.
AUD/USD is consolidating near 0.6350, with bullish momentum intact above 0.6300 as traders watch for a move toward 0.6415.
Bitcoin is trading in a tight range, with an ascending triangle pattern suggesting an imminent breakout toward $100,000 or a decline to $90,000.