GBP/USD remains under pressure near 1.3300 following the Federal Reserve's decision to hold interest rates, with traders awaiting US PCE inflation and GDP figures alongside next week's Bank of England meeting.
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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EUR/USD is consolidating near 1.1150 following the Federal Reserve's decision to leave interest rates unchanged, with attention shifting to the ECB announcement and upcoming US economic data.
Gold is trading cautiously ahead of the Federal Reserve's interest rate decision, with elevated yields and persistent inflation concerns weighing on short-term sentiment.
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USD/CHF is testing the important 0.8300 level ahead of the Federal Reserve's interest rate decision, with Chris Lewis maintaining a bullish outlook supported by the US–Swiss interest rate differential.
Bitcoin's recovery remains intact above $80,000, supported by exchange outflows, ETF inflows and rising open interest. Five key indicators suggest further upside, but BTC must break $82,500 to target $95,000–$100,000.
AUD/USD Forex Signal: Bulls Defend 0.7010 After Breakout
Bitcoin is consolidating above $80,000 as improving risk sentiment and renewed ETF inflows support prices ahead of the Federal Reserve's interest rate decision.
GBP/USD has declined for three consecutive sessions, reaching support near 1.3300 as stronger US economic data supports the dollar ahead of the Federal Reserve's interest rate decision.
EUR/USD has fallen toward the key 1.1110 support level following stronger-than-expected US consumer confidence and housing data.
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GBP/USD is drifting lower toward support near 1.3250 as traders await the Federal Reserve's interest rate decision and press conference.
AUD/JPY is testing its 50-day EMA and resistance near ¥111.20 as traders await Australian inflation data and the Bank of Japan's policy announcement
USD/CHF continues to edge higher toward 0.8300, supported by the US-Swiss interest rate differential and the 50-day EMA.
USD/JPY continues to edge higher above its 200-day EMA, supported by the interest rate differential between the United States and Japan.
AUD/USD is testing resistance near 0.7050 and its 50-day EMA as traders prepare for Australian inflation data and the Federal Reserve's policy announcement.
GBP/CHF continues its gradual upward trend, supported by the interest rate differential between the UK and Switzerland. We remain bullish, favoring buying opportunities near 1.1000 or a breakout above 1.1100, although weak UK economic data and potential risk-off demand for the Swiss franc could interrupt the rally.