Gold remains rangebound between $3,200 and $3,500 as traders await the Federal Reserve’s interest rate decision and statement for breakout cues.
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 remains under bearish pressure as traders await critical economic data and the Fed decision, with key support at 1.1500 likely to influence the next move.
Gold prices remain under pressure below $3334 as investors await the Fed's decision and trade negotiations, with key support eyed at $3270 per ounce.
The USD/BRL pair continues to hover near 5.5740 within a tight range, as traders brace for the Fed statement and developments in US-Brazil trade talks.
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The NZD/USD pair retreats toward support ahead of the July FOMC meeting, with traders watching the 0.59410 level amid rising market volatility and risk sentiment shifts.
The CAD/CHF pair reversed from resistance near 0.5875, with key levels at 0.58 support and 0.6050 resistance, ahead of the Bank of Canada's rate decision.
The USD/MXN pair failed to hold gains near 18.80 as traders await the Fed decision, with downside potential toward 18.00 if key support breaks.
The USD/JPY pair trades near ¥149 ahead of key central bank decisions, with technical support at ¥146 and potential for a breakout toward ¥151.
Palantir (PLTR) pulled back from highs on Tuesday as traders brace for Monday's earnings report, with buy signals forming near key support and breakout levels.
The US dollar surged against the Canadian dollar on Tuesday, with markets eyeing the Fed and BoC decisions, and technical levels around 1.38 as key breakout points.
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The NASDAQ 100 showed volatility on Tuesday as traders exited ahead of the Fed's interest rate decision, with key support at 23,000 watched closely.
The euro plunged to the critical 1.15 support zone on Tuesday as traders await the FOMC decision, with a potential breakout signaling a major directional move.
The British pound dipped below key support at 1.3350 as markets prepare for the Fed's rate decision, with potential downside toward the 200-day EMA at 1.3133.
Bitcoin consolidates just under $120K as traders await the Fed’s interest rate guidance, with bulls targeting a move to $130K.
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