The Nasdaq 100 is holding near record highs ahead of today’s U.S. CPI release, with traders eyeing 23,575 resistance and 23,535 support amid volatile conditions.
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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AUD/USD steadies above 0.6510 after the RBA’s rate cut, with bulls targeting 0.6620 ahead of US CPI data while 0.6410 remains key support.
BTC/USD hovers near key resistance at 123,000, with CPI data likely to determine whether Bitcoin breaks higher toward 125,000 or reverses toward 112,000.
GBP/USD stalls at 1.3425 resistance ahead of key CPI and UK jobs data, with a bearish head-and-shoulders pattern pointing toward 1.3300 support.
EUR/USD trades in a tight range near 1.1610 ahead of US CPI, with bulls eyeing 1.1700+ and bears watching 1.1500 as key breakout triggers.
The GBP/USD is consolidating around its 50-day EMA ahead of Tuesday’s CPI, with 1.3250 as key support and 1.3550–1.36 as major resistance.
The USD/MXN is stabilizing near 18.50 ahead of CPI, with rallies toward 18.87 seen as shorting opportunities targeting 17.75.
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The DAX remains in consolidation mode, holding above key support levels, with a break over 24,500 potentially opening the door to 25,000.
The euro climbs against the Swiss franc, breaking key resistance and eyeing 0.95–0.96, with EMAs offering support if pullbacks occur.
USD/CAD trades just above 1.3750 ahead of Tuesday’s US CPI, with a hot reading favoring a move toward 1.3882 and weaker data risking a slide to 1.3550.
Palantir dips after testing $190 resistance, with $175 and $160 emerging as key support levels to watch in a market still fueled by post-earnings optimism.
EUR/USD eases on Monday, with traders watching the 1.16 support and Tuesday’s US CPI release for clues on whether the pair breaks lower or retests 1.18.
USD/CHF rallies above 0.81, with traders eyeing US CPI data that could spark a push toward 0.8423 resistance or a drop back to the key 0.80 level.