The Australian Dollar has been losing ground over most of this week but has jumped higher as the London session got underway today.
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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Silver pulled back before the FOMC, but traders eye $40 as strong support and a potential dovish Fed pivot that could spark a breakout above $45.
Bitcoin eased near $117K before the FOMC, with Fed policy set to decide if BTC rallies toward $120K or forms a bearish lower high.
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EUR/USD eases before the FOMC, with Powell’s tone set to decide whether the pair pushes toward 1.20 or faces renewed U.S. dollar strength.
GBP/USD stays bullish above 1.36 ahead of the FOMC, with traders watching 1.37–1.38 resistance as Fed risks could trigger sharp volatility.
Gold pulls back ahead of the FOMC decision, with traders watching $3,600–$3,650 support as a springboard toward the $3,800 bullish target.
BTC/USD holds near $116K post-Fed cut as ETF demand stays strong, but a rising wedge signals risk of a pullback toward $110K before fresh highs.
The GBP/USD pair trades near 1.3720 as markets digest the Fed’s rate cut and await the BoE decision, with UK inflation keeping pressure on policymakers.
EUR/USD is consolidating near 1.1850 after the Fed’s 0.25% rate cut, with bulls targeting the key 1.2000 level as the uptrend remains strong.
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The euro climbed to a 4-year high at 1.1878 against the dollar, with markets eyeing 1.20 if the Fed confirms a dovish outlook.
Gold prices remain bullish near $3670 ahead of the Fed’s expected 0.25% rate cut, with markets eyeing a breakout toward $3720–$3780.
USD/SGD trades near 1.2765 ahead of the Fed’s expected 0.25% rate cut, with volatility likely as markets gauge guidance for October.
The USD/BRL dropped under 5.3000, trading at lows not seen since June 2024, as traders await today’s Fed rate cut decision. With bearish momentum intact, volatility is expected depending on the Fed’s outlook for October and beyond.
USD/INR fell toward 88 support on Tuesday as markets awaited the Fed’s decision, with traders watching for clues on whether the long-term bullish trend will continue.
The S&P 500 gave back early gains Tuesday, with markets cautious ahead of the Fed decision, eyeing 6,500 support and 6,700 resistance.