Despite Monday’s NZD/USD rally, the 0.58 resistance zone may trigger selling pressure as technical and macro factors point to potential dollar recovery.
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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USD/CHF pulled back on DOJ-driven dollar weakness, but SNB resistance to a strong franc and long-term bullish structure keep the upside outlook intact.
Gold continues its bullish surge amid DOJ fears and rate cut expectations, with technicals pointing to a breakout move toward the $5,000 level.
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AUD/USD is gaining bullish momentum as a cup-and-handle pattern points to a potential breakout toward 0.6765 amid rising Fed uncertainty and strong Aussie data.
BTC/USD is forming bullish continuation patterns, signaling potential upside toward $95,000 as crypto traders await key US data and crypto regulation news.
EUR/USD is forming a bearish head and shoulders pattern, with price likely to retest 1.1600 as traders focus on inflation data and Fed uncertainty.
The price has risen over recent days, but new strength in the US Dollar is leaving this pair looking likely to remain range-bound, although US CPI data later today could change that.
Gold remains firmly bullish near record highs, with rising global demand and geopolitical risks supporting a potential breakout toward the $5,000 level.
The EUR/USD pair remains under bearish pressure near 1.1600, with traders awaiting US inflation data to determine the next directional breakout.
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Bitcoin continues consolidating below $91K, but weakening momentum and failed breakouts suggest a bearish breakdown may be approaching.
USD/JPY surged to test 158 on Friday, signaling a potential breakout fueled by yield differentials and persistent yen weakness despite soft US job data.
USD/CHF continues to trade within a tight range, with the US dollar gaining modestly despite weaker NFP data, while key resistance and support levels hold firm.
EUR/USD continues to consolidate as a resilient US dollar defies weaker NFP data, keeping the Euro under pressure within a well-defined trading range.
The Australian dollar continues to consolidate despite weaker US job data, with strong support near 0.6650 suggesting ongoing buy-the-dip potential.
Despite a weaker-than-expected US jobs report, the British pound failed to rally, with GBP/USD hovering near key support and signaling possible downside toward 1.32.