USD/CHF strengthens after hotter-than-expected CPI, with bullish momentum targeting a breakout above 0.92 and potential upside to 0.94.
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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USD/JPY surges post-CPI, eyeing a breakout above ¥156, with potential upside to ¥158.50, while pullbacks to ¥152 may offer buying opportunities.
Gold remains bullish, holding above $2900 with $2800 as key support, as buyers capitalize on dips amid a consolidating market.
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Bitcoin consolidates between $90K support and $110K resistance, with traders eyeing $100K as a breakout level amid ongoing accumulation.
USD/CAD climbs on hotter-than-expected US CPI, with support at 1.42-1.43 and potential volatility ahead due to lingering tariff uncertainties.
GBP/USD consolidates between 1.2350 and 1.25 amid sticky US inflation data, with the downtrend intact and traders eyeing short-term range opportunities.
Silver pressures $32 resistance, with $31 providing support; a break above $32.50 could target $35 amid volatile, range-bound conditions.
CAD/CHF eyes a breakout above 0.64, with support from the 200-day EMA and risk appetite, as traders anticipate a move toward 0.66.
ZAR/JPY extends gains above key EMAs, with strong interest rate differentials favoring upside to 8.50, while 8.15 offers key pullback support.
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The price action is continuing to chop around between $0.6233 and $0.6308.
USD/RUB continues its bearish trend near 93.0000 as potential Russia-US negotiations improve Ruble outlook, with support at 92.500 and resistance at 94.500.
USD/MYR pulls back to 4.4520 amid choppy trading, with resistance at 4.4580 and potential downside targeting 4.4430 as tariff concerns weigh.
BTC/USD consolidates near $97,000, facing bearish pressure from hawkish Fed policies, with key levels at $108,355 resistance and $91,290 support.
GBP/USD stabilizes near 1.2445, with bullish momentum targeting 1.2765, while strong US inflation data and Fed policy weigh on near-term direction.
EUR/USD forms a bullish diamond pattern, signaling a potential move toward 1.0532, with inflation and Fed rate decisions influencing near-term direction