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.
The Euro has really seen a bit of soft action over the last couple of days, as the ECB meeting will continue to be in the focus of traders, and the US dollar strengthening has also played a huge part.
The Euro has risen against the Japanese Yen during the trading session here on Wednesday as the interest rate differential continues to be a main driver of things. The ECB meets on Thursday, so be aware that volatility is almost certain to happen.
The NZD/USD exchange rate wavered on Thursday morning as traders focused on the latest jobs numbers from New Zealand and the United States. It was trading at 0.6000, down from the year-to-date high of 0.6090.
The GBP/USD exchange rate retreated sharply from the January high of 1.3876 to the current 1.3660. It dropped as traders waited for the upcoming Bank of England (BoE) interest rate decision.
The BTC/USD pair continued its freefall in the overnight session as investors dumped risky assets after talks between Iran and US stalled. Bitcoin price dropped to a low of $71,735, much lower than the all-time high of 126,300.
The AUD/USD exchange rate pulled back slightly as the post-Reserve Bank of Australia (RBA) jump faded and as geopolitical risks rose. It pulled back to 0.6980, down from this week's high of 0.7050.
The AUD/JPY exchange rate continued its strong rally, reaching its highest level in decades as the ongoing Japanese yen retreat and the hawkish Reserve Bank of Australia (RBA) interest rate decision. It rose to a high of 110.15, up sharply from the 2025 low of 86.
The 0.86 level is an area that I will continue to pay close attention to, as it has been a bit of a floor in this market.
The Nasdaq 100 sees a bit of selling pressure on Wednesday, as it is now testing the critical support level near the 25,000 level.
Traders continue to look at the upside in this pair but face a resistance barrier.
The US dollar continues to rise against the Franc on Wednesday as the Swiss National Bank is trying to turn things around.
The Aussie continues to see a lot of noise, but at this point, we have a lot of questions about the market overall.
I look at this market as one that could offer opportunities on dips, but it will also be very noisy and rocky to say the least.
The USD/CAD has pulled back just a touch against the Canadian dollar near the crucial 1.37 level, as that level continues to be important. With oil fighting back against the sellers, this pair tilts toward the CAD at the moment.
The S&P 500 continues to see the 7,000 level as a major ceiling in the market, as we are waiting to see whether we can get a daily close above that level.
