The Australian dollar remains under pressure against the Swiss franc, driven by weak Chinese economic signals and fading investor confidence in Australia’s outlook.
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 British pound continues its decline against the Swiss franc, driven by UK budget issues, political turmoil, and Switzerland's safe-haven appeal.
The Swiss franc weakens against the yen, testing key support near ¥171 amid diverging fundamentals and shifting global funding currency dynamics.
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The US dollar continues its rally against the Philippine peso, driven by climbing US rates and technical factors, with eyes on the 59 PHP resistance level.
The NASDAQ 100 tumbled as strong jobs data fueled interest rate fears, with Nvidia weighing on the index due to potential export ban risks.
The US dollar experienced sharp volatility against the yen due to strong US jobs data, but long-term trends point to sustained dollar strength.
The USD/MXN has returned to its higher values and is once again challenging what has turned out to be rather durable resistance vicinities since early November, however this time may prove different.
The USD/ZAR has traded higher in early morning Forex, the currency pair is sustaining values above 19.00000, a level not seen since April of 2024.
The US dollar gained against the Swiss franc as strong US jobs data and contrasting central bank policies boosted the dollar's appeal.
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Bearish price action suggests heavy pressure will soon land on the pivotal support level above $91k.
GBP/USD drops to 1.2200, its lowest since November 2023, down nearly 10% from 2023 highs, ahead of key US and UK inflation data.
The EUR/USD pair continued its strong downtrend as the US dollar index surged after the strong US dollar index (DXY) surged to near $110.
The AUD/USD pair continued its downtrend and hit its lowest level since April 2020 as its sell-off gained steam.
The GBP/USD was hit by another wave of strong selling last week and concluded trading near the 1.21958 ratio, testing lows not seen since early November 2023.
Markets are dominated by a strong US Dollar and rising US treasury yields, while stocks and other risky assets are performing badly.