The New Zealand dollar rebounded near key support against the yen, with carry trades and limited yen strength signaling a short-term bounce toward 90.00.
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 rallies on Fed stability and SNB's dovish stance, with support at 0.88 and potential for higher gains.
USD/CAD remains range-bound, battling resistance at 1.42 and eyeing 1.45, with support at 1.40 offering a strong bullish base.
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The US dollar strengthens against the Philippine peso, supported by a break above the 50-day EMA and global risk aversion driving funds into US assets.
The USD/JPY pair rallies, supported by interest rate differentials and the 150 yen level, with a breakout above 153 yen signaling further bullish momentum.
EUR/USD trades near 1.0500 under bearish pressure as US inflation data and the ECB announcement shape market expectations.
Gold breaks $2,700, driven by geopolitical tensions and strong demand, with bulls targeting $2,725 and $2,755 resistance levels.
NASDAQ 100 stabilizes as markets await CPI data, with pullbacks expected to attract buyers amid bullish seasonal trends.
CAD/JPY tests 107.50 resistance, eyeing 108.50 and 110 levels, as short-term pullbacks provide potential buying opportunities amid yen weakness.
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The NZD/USD downwards trajectory continues to test the willpower of technical traders as financial institutions have produced new long-term lows amidst obvious nervous sentiment.
The USD/ILS has displayed the ability to challenge long-term lows as behavioral sentiment in financial institutions has taken on improved perspectives and the new price realm is getting tested.
The DAX hovers near 20,500 resistance, with pullbacks likely providing buying opportunities as ECB policy supports a bullish outlook.
Ethereum nears $3,600 support, eyeing the 50-day EMA, as Bitcoin's struggle at $100K hinders broader crypto momentum.
Silver rises toward $32.35 resistance, with CPI data expected to shape its trajectory as bulls eye the $35 level.
The GBP/USD pair remained in a tight range on Wednesday morning as traders waited for the upcoming US inflation data.