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.
The EUR/USD pair continued its strong bearish breakout this month as consumer and inflation continues rising. It dropped to 1.1625, its lowest level since April 8, as traders wait for the upcoming Federal Reserve minutes of the last meeting.
Bitcoin price pulled back below the important support level of $80,000 as it faced some substantial tailwinds. The BTC/USD pair dropped to 78,176, its lowest point since May 1 and much lower than this month’s high of 82,553.
The AUD/USD pair continued its strong downward trend last week, reaching its lowest point since May 5. It dropped to 0.7150, much lower than the year-to-date high of 0.7278. This retreat may continue ahead of the upcoming Federal Reserve minutes and the Australian jobs report.
Highs for the EUR/USD last week occurred on Monday when the 1.17890 vicinity was traversed, but as the week moved on negative momentum overtook the currency pair, and it went into this weekend near lows around the 1.16250 ratio.
Markets saw a firm resumption of risk-off sentiment towards the end of last week on rising yields, an advancing US Dollar, and the prospect of imminent renewed military clashes between the USA and Iran.
WTI Crude Oil futures went into this weekend above the $100.00 realm, finishing around the $100.650 ratio and early trading on Monday is likely to remain within nervous highs.
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USD/MXN remains bearish despite a short-term bounce, with 17.40 acting as resistance and the broader carry trade still favoring peso strength.
Copper remains bullish as buyers defend $6.50 support, with AI-driven demand keeping $6.80 and $7.00 in focus as the next upside targets.
USD/ZAR remains choppy but supported near 16.20–16.25, with 16.60 as the key resistance level and energy risks keeping rand volatility elevated.
Silver remains bullish long term but is pulling back from $90 resistance, with traders watching $80 as the next major value zone for buyers.
Gold continues to consolidate as softer US yields support buyers, but the 50-day EMA remains the key barrier before a possible move toward $5,000.
USD/CAD has turned bullish after breaking above 1.37, with buyers targeting 1.39 while support near 1.3675 keeps the long setup intact.
Bitcoin remains resilient above $79,000, with buyers targeting the 200-day EMA and $84,000 as the key breakout level for a larger rally.
Cardano is trading near $0.265, down around 3% over the last 24 hours, as sellers push ADA back toward a key short-term support area.
