AUD/USD dips as markets digest hawkish Fed tone and strong Australian inflation, with traders eyeing the RBA’s next move for further direction.
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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GBP/USD extends its slide below key support as the Supertrend and RSI point to more downside, with traders eyeing 1.3000 ahead of the BoE rate decision.
EUR/USD broke key support near 1.1535 after hawkish Fed and cautious ECB stances, signaling more downside toward 1.1400 in the short term.
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The British Pound dipped on Friday, showing mild recovery, but dollar strength and weak UK fundamentals suggest rallies may be short-lived.
The U.S. dollar continues to climb against the Swiss franc, with support at 0.79 and potential for further gains if 0.81 breaks, favoring dip-buying strategies.
Silver remains volatile near $48.50 as traders assess whether recent gains can hold, with key support at $47 and resistance at the long-standing $50 level.
The British Pound rebounded against the Yen on Friday, staying within a volatile range as interest rate differentials support potential upside toward 208 yen.
Meta extends losses after a profit miss despite strong revenue, with $600 seen as a key support level amid growing concerns over AI-driven valuations.
USD/CAD breaks above 1.40 with bullish momentum, as Fed hawkishness and US-Canada trade tensions point toward a potential move to 1.4250 or even 1.45.
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NASDAQ 100 pulls back slightly in a healthy retest of prior resistance; buyers may step in soon, targeting 26,500 and possibly 27,000 as tech strength persists.
USD/JPY consolidates near recent highs, supported by Fed hawkishness and BoJ dovishness, with upside potential toward 158 yen as dip-buying remains favored.
Gold continues to churn near $4,000 with no clear breakout, as overbought conditions and rising dollar strength threaten downside toward $3,800 or lower.
The Euro remains under pressure against the US dollar, with technical breakdowns and persistent dollar strength pointing toward further downside.
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