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.
AUD/USD retests key resistance as weak US PMI and jobs data pressure the Dollar, while FOMC minutes and Fed comments guide the next move.
BTC/USD rebounds near $64,000, but Strategy’s Bitcoin sale, ETF outflows, fading momentum, and resistance below the 50-day moving average keep downside risks alive.
GBP/USD rises after weak US data but faces resistance near the 100-day moving average as traders await FOMC minutes and Fed comments.
The USD/MXN is near 17.47300 this morning as the currency pair remains in a lower realm, but awaits a return to full volume markets which may not occur until Tuesday or Wednesday of this week.
EUR/USD remains bearish despite a short-term recovery as traders await Fed minutes, key Fibonacci levels, and renewed US Dollar direction.
Gold touches $4,200 before renewed selling pressure as weak US jobs data, Fed rate expectations, FOMC minutes, and bearish technicals shape XAU/USD.
As of this morning the USD/ZAR is near the 16.22850 ratio with a wide spread being displayed as broad Forex market values fluctuate rapidly in a rather light trading environment.
AUD/USD rallies in thin US holiday liquidity but remains capped near 0.6950 as traders watch Dollar weakness, commodity links, and exhaustion signals.
NZD/USD shows renewed bearish pressure as thin holiday trading, US Dollar resilience, New Zealand headwinds, and a shooting star pattern weigh on the pair.
USD/CHF bounces from 0.80 support as buyers defend dips, with interest rate differentials, SNB policy, and Fed inflation concerns supporting the Dollar.
USD/MXN defends the 50-day EMA as traders watch breakout risk, Mexico’s slowing economy, interest rate differentials, and key resistance near 17.75.
GBP/USD: Have Bulls Run Out of Momentum?
Silver defends the $60 level during thin holiday trading as traders watch Dollar strength, the 200-day EMA, and downside risks below $57.
Natural gas remains stuck in a multi-week range as thin holiday liquidity, strong US supply, heatwave demand, and the 200-day EMA shape trading.
USD/JPY remains supported despite BOJ intervention and weak US jobs data as interest rate differentials, Japan’s debt burden, and dip-buying keep bulls active.
