The AUD/USD pair extended its bullish momentum as the US dollar weakened and traders await key Australian employment data, with 0.6800 as the next upside target.
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.
Most Recent
Bitcoin price plunged below $90,000 amid rising global risk aversion and technical breakdowns, with bearish momentum likely targeting the $85,000 level.
GBP/USD continues its upward momentum, fueled by a weakening US dollar and strong UK jobs data, with a bullish flag pattern targeting 1.3565 in the near term.
Top Regulated Brokers
The S&P 500 has pulled back to test the critical 6800 support level amid tariff-related market drama, presenting a possible buy-the-dip opportunity.
USD/CAD fell sharply on Tuesday amid broader dollar weakness and rising oil prices, but key support near the 200-day EMA and 1.3750 could attract buyers.
GBP/JPY pulled back after an early Tuesday rally, but the wide interest rate differential continues to favor buying the pair on dips near the ¥210 support zone.
The Australian dollar is testing the 50-day EMA against the New Zealand dollar, with traders eyeing a potential rebound toward 1.17 or a breakdown to 1.14.
Silver prices continued their aggressive rally on Tuesday, driven by a persistent short squeeze, physical supply concerns, and dollar weakness, with $100 in sight.
EUR/USD continues to face strong bearish pressure as traders react to escalating EU-US tensions and Fed rate outlooks, with 1.1500 emerging as a key support level.
Bonuses & Promotions
Gold prices surged to record highs near $4,700 as escalating geopolitical tensions, a weakening dollar, and strong safe-haven demand push XAU/USD toward the $5,000 target.
The S&P 500 enters Tuesday’s session on shaky ground near 6,830, with traders watching for volatility amid geopolitical risks and nervous post-holiday sentiment.
The Nasdaq 100 enters Tuesday’s session near 25,529 with market sentiment cautious amid tariff threats, overbought tech concerns, and key economic events ahead.
The US dollar pulled back against the Canadian dollar on Monday in quiet holiday trading, with consolidation suggesting a potential dip-buying setup near 1.3750.
Crude oil prices rose modestly in low-volume holiday trading, with traders closely eyeing the $60 level and key moving averages for the next breakout or range setup.
The Euro rallied amid thin US holiday trading, but traders are watching for signs of exhaustion as the broader EUR/USD downtrend remains intact.