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 Aussie dollar rallies after a gap lower but faces strong resistance near 0.63, with downside risks tied to China's weak economic performance.
The British pound remains under pressure against the Japanese yen amid BOE rate cuts and BOJ tightening speculation, with resistance at 190 and support at 185.
The New Zealand dollar struggles against the US dollar, pressured by trade war concerns, weak Asian markets, and resistance at 0.58.
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The US dollar strengthens against the Mexican peso amid tariff threats and Mexico’s economic struggles, with support at 20 pesos and resistance at 21.
The USD/SGD remains in a tight range near 1.35510 as markets navigate tariff concerns, inflation fears, and resistance near 1.35570.
BTC/USD remains in a tight range near $97,323, with traders eyeing Powell’s testimony and inflation data for potential breakout catalysts.
The EUR/USD pair faces pressure from geopolitical risks, US tariff threats, and anticipation of Jerome Powell's testimony, with bearish and bullish scenarios outlined.
USD/TRY stabilizes near 36, with bullish momentum supported by tighter Turkish monetary policy and inflation control efforts, targeting resistance at 36.25.
GBP/USD faces strong selling pressure, dropping to 1.2376 as BoE rate cuts and economic challenges weigh, with support at 1.2290 and resistance at 1.2600.
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Gold approaches $2,900 as safe-haven demand surges, with bullish momentum targeting $3,000 amid trade wars and looser monetary policies.
EUR/USD struggles below 1.0305 support as strong US labor data and Fed policies pressure the euro, with parity increasingly in focus amid bearish sentiment.
USD/JPY approaches key support at 151.20, with yen strength fueled by BoJ tightening expectations, while bulls and bears watch levels at 152.00 and 150.00, respectively.
USD/MXN trades in a steady range near 20.59690, with resistance at 20.61300 and support at 20.59500, as market sentiment hinges on US-Mexico relations and Fed caution.
USD/ZAR faces volatility after a gap higher, with key support at 18.42600 and resistance at 18.45400, as political and market sentiment drive short-term moves.
GBP/JPY trades choppily as BoE rate cuts weigh on the pound, while BoJ's potential tightening supports yen strength, with key levels at 190 and 185 yen.