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 as the US Dollar benefits from interest rate differentials, a golden cross, carry trade flows, and bullish momentum above 0.80.
USD/CAD tests the 1.42 level as US Dollar momentum, interest rate differentials, weaker oil prices, and Canadian Dollar pressure support the bullish outlook.
GBP/USD tests the 200-day EMA as traders watch breakout risk, Wall Street-driven Dollar flows, and key levels near 1.33 and 1.35.
USD/MXN remains in consolidation as traders watch the 50-day EMA, Banxico policy shifts, interest rate differentials, and key levels near 17.70 and 17.20.
Bitcoin tests the 50-day EMA as volatility returns, with traders watching $60,000 support, $65,700 resistance, and broader risk appetite.
EUR/USD: Is the Euro Running Out of Momentum?
EUR/USD remains pressured by a potential bearish flag, US Dollar strength, Fed rate hike expectations, and ECB caution, with 1.12 support in focus.
WTI crude oil stabilizes near war-gap support as traders watch Middle East supply risks, summer range trading, and upside potential toward $75.
AUD/USD shows signs of a potential bottoming pattern as traders watch US Dollar direction, commodity sensitivity, and key levels near 0.6950 and 0.70.
The S&P 500 remains supported by dip buyers as traders watch triangle breakout momentum, Fed rate expectations, and a potential move toward all-time highs.
NZD/USD remains under pressure after a shooting star pattern as US Dollar strength, Fed tightening risks, and New Zealand headwinds support the bearish view.
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.
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