USD/CHF tests 0.82 resistance as US yield strength fades, with traders watching franc demand, carry trade support, and possible pullbacks toward the 50-day EMA.
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 holds near ¥153 support as rising US yields, Fed and BOJ rate decisions, intervention risk, and carry trade demand shape the next move.
AUD/CHF remains choppy near 0.58 support as carry trade demand favors the Aussie, while risk appetite questions and 0.59 resistance limit momentum.
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NZD/USD breaks below 0.5760 support as rising US yields, hawkish Fed expectations, and a softer RBNZ outlook keep pressure on the Kiwi.
Copper pulls back as the 10-year Treasury yield hits 5%, but long-term demand, oversold signals, and support near the 200-day EMA keep buyers watching.
GBP/USD Forex Signal: Sell Setups Below 1.3493
AUD/USD pulls back toward the 50-day EMA as rising US yields, Fed rate-hike expectations, oil risks, and a broken trendline pressure the Aussie.
BTC/USD holds steady near key resistance as traders watch CLARITY Act vote odds, Fed rate risk, bullish flag signals, and support near $75,993.
EUR/USD remains under bearish pressure as US yields, oil prices, and Fed rate-hike expectations rise, though a hammer candle suggests a short-term bounce.
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The pair entered this week under pressure as market participants have now priced in a near certain U.S. interest rate hike this week and flocked to the safe-haven dollar following escalating tension in the Middle East that has pushed West Texas Intermediate back over $100.
The biggest cryptocurrency by market capitalization experienced volatility in the period leading up to and after the release of the inflation data. This volatility has resumed today as the new week opens, as traders eye new cues that could trigger significant price movements.
Silver's Fed Pivot Strategy Hinges on Wednesday's Critical Rate Signal Announcement
USD/HUF remains range-bound around 315 as softer US yields offset hotter inflation data and improving risk appetite supports the forint.
USD/CHF continues to press against the key 0.82 resistance area as hotter US inflation reinforces expectations for a Fed rate hike.
CAD/JPY is testing the important ¥110.50 area as weaker oil prices weigh on the Canadian dollar and yen strength keeps pressure on the pair.