EUR/USD hesitates near 1.1450 as rising US rates, bearish flag pressure, and weak Euro sentiment keep downside risk toward 1.12 in focus.
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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Silver holds near the crucial $60 level as rising US rates, Dollar strength, weak momentum, and downside risk toward $57 keep pressure on XAG/USD.
Gold rallies slightly as traders watch $4,200 resistance, $4,000 support, rising US rates, Dollar strength, and Middle East headlines.
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crude oil stalls as US-Iran war fears fade, with traders watching the $67 floor, $78 resistance area, 200-day EMA, and summer range trading.
GBP/USD hesitates near resistance and the 200-day EMA as Middle East uncertainty, US Dollar direction, and range-bound trading shape the outlook.
USD/CAD whipsaws around the 1.42 pivot as traders watch 1.4150 support, 1.4250 resistance, US Dollar strength, and Canadian weakness.
AUD/USD holds near the 200-day EMA as traders watch US Dollar strength, Middle East headlines, commodity pressure, and breakout levels at 0.70 and 0.68.
NZD/USD rallies after New Zealand rate hikes, but traders watch 0.58 resistance, the 50-day EMA, US Dollar strength, and risk appetite pressure.
USD/MXN slips around the 17.50 pivot as traders watch 17.65 resistance, carry appeal, Mexican peso strength, and a potential move toward 17.30.
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USD/CHF drifts near 0.81 as a golden cross, US rate advantage, and 0.80 support keep the bullish outlook focused on 0.85.
Mantle (MNT) trades above $0.42 as buyers test the $0.428–$0.430 resistance zone, eyeing $0.44–$0.45 if support at $0.423 holds in the short term.
The USD/MYR is trading near the 4.0740 level as of this writing, this after touching a low of almost 4.0600 on Friday of last week, but considering the price action and global circumstances nervous highs in the currency pair remain in relatively bearish terrain.
The USD/ILS is trading near the 3.02950 mark as of this morning with a rather wide spread being shown, this comes after the Bank of Israel lowered its main interest rate on the 6th of July by another 0.25%.
Gold's overall trend: Bearish in the medium term with a short-term upward correction.
Overall Trend: Bearish in the medium term, with temporary corrective recovery attempts.