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 USD/BRL closed near 5.0475 yesterday, this as the currency pair straddles a higher near-term range, but remains within eyesight of lows achieved the past month.
NZD/USD remains under pressure as rising US yields support the dollar, with 0.58 as the key floor and 0.5950 as resistance on any rebound.
Gold continues to struggle as rising US yields pressure non-yielding assets, with bulls needing a move back above $4,600 and lower rates to regain momentum.
EUR/USD has turned bearish after breaking below the 200-day EMA, with rising US yields and Europe’s energy risks pointing toward 1.15 and 1.14.
Bitcoin remains resilient near $76,000 and the 50-day EMA despite rising US yields, with buyers waiting for a bounce toward $82,000–$84,000.
The release of UK CPI data could move the Pound to show more direction in this currency pair.
The EUR/USD exchange rate pulled back to its lowest point since April 8 this year as US bond yields continued their uptrend. It also retreated to 1.1608 ahead of the upcoming Federal Reserve and European Central Bank (ECB) minutes and European inflation report.
Bitcoin price remained under pressure this week, reaching its lowest point since May 1, down from this month’s high of $82,847. The BTC/USD pair was trading at 76,765 on Wednesday as market risks continued.
The AUD/USD exchange rate slumped to the lowest level since April 13 as the US dollar continued its recent rally. It dropped to a low of 0.7083, down sharply from the year-to-date high of 0.7278.
XRP is facing renewed selling pressure as macroeconomic risks collide with fading institutional interest and a clear technical breakdown.
USD/ZAR remains volatile as Middle East risks and energy inflation fears support the dollar, with 16.85 resistance and 16.50/16.30 as downside targets.
Silver is stabilizing near $80 despite high US yields, with $70 as key support and $90 as the next major upside target if buyers regain control.
Copper is finding support despite US dollar pressure, with strong AI-driven demand and tight supply keeping the market biased toward $6.50 and beyond.
GBP/USD rallied sharply from 1.33 support, with the 200-day EMA now reclaimed and 1.35 standing as the next major resistance level.
AUD/USD is attempting to rebound from 50-day EMA support, with 0.7150 acting as a key floor and 0.7250 as the next upside target.
