USD/CAD shows bullish breakout potential as Fed rate hike expectations, Canadian dollar weakness, and support near 1.40 favor further upside.
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/MXN tests a key support region as narrowing yield differentials, Fed hawkishness, and Mexican economic weakness challenge peso strength.
Gold weakens despite falling US interest rates, with sellers pressuring XAU/USD as traders watch the key $4,000 support floor.
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Silver weakens despite falling US interest rates, with the metal slipping near the 200-day EMA as traders watch $70 resistance and $60 support.
Natural gas remains range-bound between key moving averages as mild US weather, high storage, and Middle East headlines limit momentum.
GBP/USD rebounds from the key 1.32 support level as traders weigh Fed-driven US Dollar strength, BoE policy, and UK economic signals.
Bitcoin drops toward its support region near $64,000 as risk appetite weakens and traders watch $60,000 as the key market floor.
AUD/USD attempts a slight recovery from 0.70 support as traders weigh Fed rate expectations, gold weakness, and a likely range-bound setup.
EUR/USD continues to weaken as Fed rate hike expectations support the US Dollar, with traders watching 1.14 support and 1.16 resistance.
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Gold remains under bearish pressure as the hawkish Fed strengthens the US Dollar, putting $4,200 support and deeper downside levels in focus.
EUR/USD breaks below 1.1500 after the Fed’s hawkish rate outlook, strengthening bearish momentum as traders watch 1.1465 support.
The USD/ILS is near 2.93950 this morning as a wide spread is being seen, but also as the currency pair holds onto its known range and financial institutions weigh their outlooks.
USD/MYR rises to mid-term highs as post-Fed nervousness lifts the US Dollar, though the pair’s long-term bearish trend remains in focus.
Shiba Inu (SHIB) is trading under pressure today after losing momentum near the $0.000005 area. The token is down roughly 1.5% over the past 24 hours, with market capitalization sitting near $2.86 billion.
GBP/USD breaks below its month-long range after a hawkish Fed shift, with traders watching $1.3319 resistance and $1.3236 support.