The US dollar has fallen during the bulk of the week against the Canadian dollar as we are now entering the so-called golden zone between the 50% Fibonacci retracement level and the 61.8% Fibonacci retracement level.
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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Gold pulls back slightly to kick off the Friday session, as traders continue kicking the market back and forth. There's a lot of confusion right now, with participants running a lot of different scenarios all at the same time.
Tame U.S. inflation has the Aussie dollar eyeing a potential breakout, but ongoing geopolitical tensions remain in focus. Discover key support and resistance levels worth watching..
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NZD/USD rebounds from the 50-day EMA and reclaims the 200-day EMA as risk appetite, central bank divergence, and key resistance levels shape the outlook.
EUR/CAD remains trapped between flat moving averages as central bank stasis, oil exposure, energy risks, and short-term range trading dominate the outlook.
AUD/USD remains choppy near 0.7050 as Fed pause hopes, 50-day EMA support, commodity strength, and range trading shape the outlook.
USD/JPY keeps attracting dip buyers as carry trade demand, BoJ intervention risks, Japan’s debt burden, and wide rate differentials support the Dollar.
EUR/AUD bounces near key support as traders watch central bank uncertainty, stochastic signals, energy risks, and the broader range-bound structure.
AUD/JPY remains choppy near the 50-day EMA as BoJ intervention risks, carry trade demand, commodity strength, and risk appetite shape the outlook.
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NZD/CHF rebounds from support as Golden Cross momentum, carry trade demand, Swiss zero-rate policy, and RBNZ hike expectations favor the Kiwi.
For the past month, Ethereum has been slowly repairing the damage from a long decline, grinding higher without much drama. The recovery is real, but it keeps running into the same problem: a ceiling just beneath a familiar round number that it has not managed to clear.
The USD/INR has correlated to the broad Forex market in a rather calm manner the past handful of days. The currency pair remains within a known range and speculators able to wager have a technical ground they may have established some form of trust within.
USD/BRL Keeps Rising - Yet Why Do Traders Still Feel Uneasy?
The euro has opened Thursday's session with a modest gain, but the real test for EUR/USD may come later, once US producer price data hits the wires.
AUD/USD grinds higher as the US Dollar softens, with CPI relief, 50-day EMA support, commodity strength, and risk appetite shaping the outlook.