USD/ZAR remains pressured as risk appetite and the rand’s yield advantage support sellers, though 16.28 could act as near-term support.
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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Copper continues to attract buyers as strong demand and tight supply support the rally, with $6.50 as the next breakout level and $6.20 as key support.
USD/CAD remains volatile as peace-talk optimism and thin holiday liquidity drive choppy trade, with 1.3725 support and 1.3830 resistance guiding the next move.
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GBP/USD advances on improved risk appetite, but the move remains dependent on geopolitical headlines and unconfirmed sentiment shifts.
Gold is trying to reclaim $4,600 as lower yields and Middle East headlines drive sentiment, with the 50-day EMA and $4,800 as upside levels to watch.
EUR/USD opened higher on hopes of Middle East progress, but the move may remain limited unless the pair can break through the 1.1750–1.1850 resistance zone.
Bitcoin remains supported near the 50-day EMA, with resilient buyers targeting the 200-day EMA and $84,000 if risk appetite continues to improve.
Silver remains choppy below the 50-day EMA, with $80 acting as fair-value resistance and $70 as the key support level to watch.
USD/JPY remains bullish as yen weakness persists, but traders should stay cautious near 160 where intervention risk and prior selling pressure remain important.
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EUR/CHF is under short-term pressure as risk appetite fades, but 0.91 support and Swiss National Bank intervention risks may attract longer-term buyers.
Bitcoin continues to consolidate around the 50-day EMA, with institutional ETF inflows and a rounded-bottom setup keeping the longer-term bullish case alive.
AUD/USD is testing the 50-day EMA as traders watch US dollar strength, with 0.7080 as support and 0.72 as the level needed to revive upside momentum.
This currency pair is on the sidelines today, with little happening with the Euro as major Eurozone members are on holiday.
Natural gas remains under selling pressure as weak seasonal demand weighs on prices, with rallies likely to be faded while traders target $2.65.
USD/MXN remains choppy but bearish overall, with traders looking to fade rallies near the 50-day EMA or 17.50 while 17.00 acts as a strong floor.