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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Copper remains bullish as buyers defend $6.50 support, with AI-driven demand keeping $6.80 and $7.00 in focus as the next upside targets.
USD/ZAR remains choppy but supported near 16.20–16.25, with 16.60 as the key resistance level and energy risks keeping rand volatility elevated.
Silver remains bullish long term but is pulling back from $90 resistance, with traders watching $80 as the next major value zone for buyers.
Gold continues to consolidate as softer US yields support buyers, but the 50-day EMA remains the key barrier before a possible move toward $5,000.
USD/CAD has turned bullish after breaking above 1.37, with buyers targeting 1.39 while support near 1.3675 keeps the long setup intact.
Bitcoin remains resilient above $79,000, with buyers targeting the 200-day EMA and $84,000 as the key breakout level for a larger rally.
Cardano is trading near $0.265, down around 3% over the last 24 hours, as sellers push ADA back toward a key short-term support area.
USD/CHF remains supported by rising US yields and a wide interest rate differential, making dollar dips attractive despite the franc’s safe-haven status.
NZD/USD is consolidating near 0.5950, with 0.59 as a potential buy zone and 0.60 as the key upside resistance ahead of US jobs data.
This is one of the most bullish currency pairs, exhibiting a long-term bullish trend, and a shorter-term technical pattern which is suggestive of higher prices.
USD/MXN remains under pressure as the peso benefits from carry trade demand, with 17.15–17.00 as the key support zone that could trigger a deeper breakdown.
USD/JPY is pressing the 158 resistance level, with a breakout opening the door toward 160 while 156 remains the main support zone for dip buyers.
Copper remains strongly bullish as AI and infrastructure demand drive momentum, with $6.50 acting as support and $6.80 as the next key upside trigger.
Silver remains bullish but stretched near $90 resistance, with $80 acting as short-term support if rising US yields trigger a pullback.
Despite recently hitting a new multi-month high, Bitcoin is looking more bearish as a symmetrical bearish price channel looks like it can push the price lower
