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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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The bearish double top and pattern of lower lows suggests a bearish consolidation is playing out.
AUD/USD trades above 0.6620 amid strong China data, sticky Australian inflation, and diverging Fed-RBA policy paths. A break above 0.6700 could signal extended bullish momentum toward 0.6750.
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BTC/USD trades near $90,300 ahead of the Fed’s expected rate cut, but technical patterns—including a bearish flag and death cross—point to a potential drop toward $85,000. A break above $97,155 would invalidate the setup.
GBP/USD trades flat near 1.3325 as markets await the Fed’s expected 25 bps rate cut and potential BoE policy convergence. Technicals suggest bullish momentum toward 1.3500, though support at 1.3250 remains key.
USD/CAD tests key support as traders assess Fed policy direction. A bounce hints at recovery, but upcoming FOMC guidance will decide whether the pair breaks down or rallies.
NZD/USD ticked higher on Monday but remains stuck between major EMAs as markets await Wednesday’s FOMC tone. The Fed’s stance on rate cuts will likely determine the pair’s next breakout.
The Nasdaq 100 is slightly weaker in early Tuesday trading, though markets remain focused on Wednesday’s FOMC decision and press conference.
GBP/CHF extended its climb on Monday, testing key resistance at 1.0750 as SNB intervention fears weigh on the franc, with support seen at 1.07 and 1.0650 in a broader bullish trend.
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AUD/USD showed indecision on Monday ahead of the FOMC decision, with traders watching the 0.67 level as a key breakout or rejection point amid broader US dollar uncertainty.
The S&P 500 dipped slightly on Monday as traders await clarity from the Fed, with key support near 6,800 and the broader bullish trend still intact.
Bitcoin stabilizes near key support at $80,000 as extreme pessimism and institutional activity hint at a possible bottom, with a bullish breakout confirmed on a daily close above $93,000.
USD/CHF pushes higher as SNB intervention talk and solid support at 0.79 attract dip-buying ahead of the Fed decision, with the broader bias remaining bullish.
Silver extends its strong upward move, breaking above $60 as traders anticipate the Federal Reserve’s upcoming rate decision and press conference.
GBP/USD retreats from recent highs as resistance near 1.34 holds and traders shift focus to the upcoming Fed decision, with fundamentals still favoring U.S. dollar strength.