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Daily Market Analysis and Overview by Unitedpips

EUR/GBP Daily Analysis: Bearish Channel Persists on 1D Chart

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Introduction to EUR/GBP
The EUR/GBP forex pair, often nicknamed "Chunnel," reflects the exchange rate between the Euro and the British Pound. This pairing’s daily forecast is a vital benchmark for getting a better grasp on the economic health and monetary policies of the Eurozone and the United Kingdom. Traders and investors closely monitor the EUR/GBP exchange rates for its sensitivity to geopolitical events, trade policies, and central bank decisions.


EUR-GBP Market Overview
The EUR/GBP daily fundamental analysis depicts the pair as currently navigating a narrow range influenced by mixed economic data from both the Eurozone and the UK. On the Eurozone side, the Producer Price Index (PPI) released today showed steady inflationary pressures from manufacturers, potentially supporting the Euro. Business sentiment data from Belgium revealed a slight improvement, signaling resilience despite broader economic headwinds. However, consumer confidence data from Eurostat reflected subdued optimism, keeping the Euro's strength in check. Meanwhile, the UK Retail Sales report and Public Sector Net Borrowing data showed mixed results, highlighting a fragile recovery in consumer spending amid tightening fiscal conditions. As markets await the Bank of England's quarterly updates, expectations for hawkish signals are shaping the price action in EUR/GBP.

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EUR GBP Technical Analysis
The EUR/GBP daily chart showcases a bearish channel, as highlighted by the downward sloping trendlines. The Ichimoku cloud confirms Chunnel’s bearish outlook, with the price trading well below the cloud, indicating sustained selling pressure. The RSI hovers near 49, suggesting a neutral stance but leaning towards bearish momentum as it fails to break above the 50 threshold. Immediate support lies at 0.8250, with resistance at 0.8345 within the descending channel. A decisive breakout above the Ichimoku cloud and the channel's upper boundary could indicate a trend reversal, while further rejection at resistance levels would likely push the pair lower. Overall, the pair’s technical indicators signal continued bearish dominance unless significant bullish catalysts emerge.


Final Words on EUR vs GBP
The EUR/GBP daily outlook shows it continues to grapple with divergent economic narratives from the Eurozone and the UK. The Euro faces challenges from muted consumer sentiment, offset slightly by stronger industrial indicators, while the Pound struggles to sustain gains amid fiscal constraints and tepid retail activity. Traders should remain cautious, paying close attention to pivotal data releases such as Eurozone consumer confidence updates and UK fiscal reports. With the pair trading near critical levels, a breakout or breakdown could define the next EUR/GBP trend. Monitoring the Ichimoku cloud and RSI levels on the pair’s daily(1D) chart will be essential for identifying entry and exit points. Overall, the pair's outlook remains bearish, but potential volatility looms as market participants assess upcoming economic data.


12.20.2024
 
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EUR/USD Technical Insights: Correction or Continuation?

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Introduction to EUR/USD
The EUR/USD currency pair, often nicknamed "Fiber," is one of the most widely traded forex pairs globally, representing the exchange rate between the Euro and the US Dollar. This pair reflects the economic dynamics between the Eurozone and the United States and is heavily influenced by macroeconomic events, monetary policies, and geopolitical developments. Its high liquidity and tight spreads make it a favorite among forex traders.


EUR USD Market Overview
The EUR USD pair is currently reflecting a bearish global trend, underpinned by a stronger US dollar and subdued Eurozone growth prospects. Recent data from The Conference Board indicates a stable level of US consumer confidence, reinforcing expectations of continued resilience in the US economy. This index is vital as it hints at future consumer spending, a key driver of economic activity. While the Euro remains under pressure due to economic stagnation and uncertainty in the Eurozone, the upcoming release of updated US confidence data in late January 2025 could further solidify USD strength. In the immediate term, traders are eyeing the divergence between US and Eurozone economic outlooks, which continues to steer the pair downward.

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EURUSD Technical Analysis
The technical indicators in the daily chart show a bearish trend for the EURUSD pair, though recent candles suggest a short-term correction. The price is currently trading between the 0.786 and 1.0 Fibonacci retracement levels, indicating a critical zone for potential reversals. The Alligator indicator displays the Jaw above the Teeth and Lips, confirming the prevailing bearish momentum, though the gap is narrowing. The RSI at 40.56 shows bearish momentum but hints at consolidation as it edges toward oversold territory. Meanwhile, the MACD line remains below the signal line, with negative histogram bars, suggesting continued selling pressure. However, the last three bullish candles indicate a temporary corrective move, with resistance near 1.05221 (Alligator’s Teeth) and support at 1.05137 (Fibonacci 0.786).


Final Words about EUR vs USD

EUR/USD remains in a downtrend but shows signs of a potential corrective phase as it approaches key support and resistance levels. Traders should monitor the Alligator indicator for signs of a crossover and pay close attention to RSI and MACD signals for confirmation of any potential trend reversal. With the US economy appearing robust compared to the Eurozone, downside risks remain predominant. Upcoming US consumer confidence data in January could provide additional insights into the USD's trajectory. For now, cautious trading strategies are advised, with a focus on managing risk around significant Fibonacci retracement levels.


12.23.2024
 
Understanding ETH/USD Latest Price Action

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Introduction to ETH/USD
The ETH/USD pair represents the exchange rate between Ethereum (ETH) and the U.S. dollar (USD), making it a crucial metric for cryptocurrency traders and investors. Often referred to as the "Ethereum Dollar Pair," ETH/USD provides insights into how the second-largest cryptocurrency by market capitalization performs against the world's most widely used traditional currency. Monitoring the ETH/USD pair daily analysis helps traders make informed decisions by understanding market trends and price movements in the volatile crypto space.


ETHUSD Market Overview
The ETHUSD pair is currently navigating a bearish trend influenced by recent macroeconomic factors and market sentiment. In the past two days, the Federal Reserve Bank of Richmond released its latest Manufacturing Activity Index, showing a composite index that provides insights into the economic health of the manufacturing sector. The index indicated worsening conditions, which typically exerts downward pressure on the USD, but in this case, the muted impact due to earlier regional indicators has kept the ETH/USD pair under scrutiny. Additionally, market participants are awaiting the upcoming Federal Reserve meeting, where potential interest rate hikes and persistent inflation concerns could further influence the USD's strength. Recent news highlights include regulatory developments surrounding Ethereum, which have added to the cautious sentiment among traders. As the market anticipates these factors, the ETH-USD pair daily analysis remains essential for understanding potential price movements in the near term.

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ETH USD Technical Analysis
On the Daily (D1) timeframe, the ETH USD pair is exhibiting a bearish technical outlook. The price has been trading in the lower half of the Bollinger Bands, recently touching the lower band, which indicates increased volatility and potential oversold conditions. The Parabolic SAR (Stop and Reverse) has shifted to above the candles, signifying a possible trend reversal to the downside. Additionally, the Relative Strength Index (RSI) is reflecting bearish momentum, hovering below the midpoint and suggesting weakening buying pressure. Currently, ETH/USD is approaching the 0.382 Fibonacci retracement level, a key support area where traders might find buying opportunities or expect further downward movement. Combined with these technical indicators, the ETH USD pair daily analysis suggests that traders should monitor these levels closely for potential breakout or breakdown scenarios.


Final Words about ETH vs USD
In conclusion, the ETH/USD pair is facing a challenging environment influenced by both fundamental and technical factors. The recent release of the Richmond Manufacturing Index and the anticipation of the Federal Reserve's decisions are contributing to the bearish sentiment in the market. Technically, the price action below the Ichimoku Cloud, the position of the Parabolic SAR, and the RSI levels all point towards continued downward pressure on ETH/USD. Traders should remain vigilant, keeping an eye on key support levels around the 0.382 Fibonacci retracement and monitoring any shifts in macroeconomic indicators that could impact the pair. While the current analysis suggests a bearish trend, unexpected market developments or positive news related to Ethereum could alter the trajectory. Therefore, maintaining a balanced approach with effective risk management strategies is essential for navigating the ETH/USD pair daily analysis landscape.


12.24.2024
 
USD/JPY Daily Chart: Bullish Momentum Persists

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Introduction to USD/JPY
The USD/JPY currency pair, commonly known as the "Ninja," reflects the exchange rate between the United States Dollar (USD) and the Japanese Yen (JPY). As one of the most actively traded pairs in the forex market, it provides key insights into the strength of the US economy relative to Japan's. With its liquidity and volatility, the USD/JPY price is an essential indicator for traders monitoring global economic trends and market sentiment.


USD JPY Market Overview
The USD/JPY daily fundamental analysis has shown consistent upward momentum over recent sessions, driven by a strong US economy and mixed signals from Japan. On the US side, recent data highlights the difference in value between imported and exported goods, with a stronger-than-forecasted trade surplus boosting the USD. Additionally, declining crude oil inventories indicate higher consumption, which indirectly supports USD strength. For Japan, the focus is on residential building permits, a key indicator of economic health, which could provide support to the Yen if results exceed expectations. Overall, the pair’s daily fundamental outlook is influenced by the divergent monetary policies of the Federal Reserve and the Bank of Japan, with the Fed's hawkish stance underpinning the USD's strength.

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USD-JPY Technical Analysis
The daily(1D) chart of USD/JPY shows the pair is trading within an upward trajectory, supported by the pair’s bullish price action. The Bollinger Bands suggest volatility as prices hover near the upper band, indicating possible overbought conditions. The MACD indicator confirms bullish momentum, with the MACD line trending well above the signal line. Meanwhile, the Stochastic RSI is in overbought territory at 89.17, which may signal a short-term pullback before further upward movement. Key resistance is around 158.00, while immediate support lies at 155.00. Traders should watch for a breakout above 158.00 for further upside or a reversal near the upper Bollinger Band for potential consolidation.


Final Words about USD vs JPY
The USD/JPY daily analysis remains bullish in the short term, driven by stronger US fundamentals and technical confirmations. However, the overbought signals on multiple indicators suggest caution, as the pair might see a temporary pullback or sideways consolidation. Traders should monitor upcoming economic releases, particularly Japan’s building permits data and US trade figures, for potential catalysts. Additionally, staying alert to changes in crude oil and natural gas inventories is crucial, as they influence market sentiment and USD strength. Overall, the USD/JPY outlook today presents an opportunity for cautious bulls while offering scope for intraday corrections.


12.27.2024
 
GOLD/USD Technical and Fundamental Insights for Daily Trading
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Introduction to GOLD/USD

The GOLD/USD pair, often referred to as XAUUSD, represents the exchange rate between gold (XAU) and the US dollar (USD). This pairing is a crucial barometer for global economic sentiment, as gold is a traditional safe-haven asset during uncertain times, while the USD is the world’s reserve currency. The movements of this pair are closely tied to global economic events, monetary policy changes, and geopolitical tensions, making it a key focus for both traders and investors.


GOLD USD Market Overview
GOLD USD is currently in a consolidation phase, with the price hovering between key Fibonacci retracement levels. The market remains influenced by recent US economic data, such as the Pending Home Sales and Chicago PMI figures, which are expected to provide insight into the US economy's health. Stronger-than-expected results from these reports could bolster the USD, potentially pressuring gold prices lower. However, gold continues to find support from broader geopolitical concerns and persistent inflation worries. On the other hand, with the Federal Reserve maintaining its hawkish stance, the USD remains resilient, limiting gold’s upward potential.
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GOLDUSD Technical Analysis

The GOLDUSD pair is currently trading between the 0.382 and 0.236 Fibonacci retracement levels, indicating a consolidation within this range. The Bollinger Bands show the price moving from the lower band towards the middle band, signaling a potential recovery phase. The Parabolic SAR indicator places its last three dots below the candles, reinforcing a bullish bias for the short term. However, the RSI is at 47.36, reflecting neutral momentum and suggesting that neither buyers nor sellers have taken clear control.
Support is seen near $2,605, aligning with the 0.382 Fibonacci retracement level, while resistance is located at $2,678, which corresponds to the 0.236 Fibonacci level. The indicators point to a cautious upward bias, but the price remains vulnerable to USD strength and external shocks.


Final Words About GOLD vs USD
GOLD/USD continues to trade within a consolidation range, with technical indicators hinting at a potential recovery. However, the pair remains heavily influenced by USD-related economic news, such as the Chicago PMI and Pending Home Sales data. A stronger-than-expected performance in these reports could put pressure on gold prices, while weaker results may provide the pair with some upward momentum. Traders should remain cautious and monitor both fundamental drivers and key technical levels closely.
Given the current neutral RSI and proximity to resistance, short-term upside appears limited unless a breakout above $2,678 occurs. On the downside, a break below $2,605 could open the door for further declines toward $2,487. As always, risk management is crucial when trading in such volatile market conditions.


12.30.2024
 
EUR/USD Daily Price Action Overview

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Introduction to EUR/USD
The EUR/USD pair, often called "Fiber," represents the exchange rate between the Euro and the US Dollar, the two most traded currencies globally. This pair is a benchmark in the forex market and reflects the economic health of the Eurozone and the United States. Traders closely monitor it due to its high liquidity and significant impact on global markets.


EURUSD Market Overview
The EURUSD pair is currently trading under bearish pressure, driven by fundamental and global factors. German banks remain closed today due to New Year's Eve, leading to lower liquidity and heightened volatility in the Euro. On the US side, the anticipation of January 2025 releases of the S&P Case-Shiller Home Price Index and the FHFA House Price Index has shifted focus toward the US housing market. Rising home prices may strengthen the USD if the indices exceed forecasts, further pressuring the Euro. Today’s low liquidity could exacerbate any price swings, making the EUR-USD pair susceptible to sharp movements. Traders should prepare for irregular volatility due to thin trading volumes.

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EUR USD Technical Analysis
On the daily chart, the EUR USD pair remains in a bearish trend, signaling the increasing strength of the US Dollar against the Euro. The price is trading in the lower half of the Bollinger Bands, oscillating between the lower and middle bands, suggesting downward momentum. It is also hovering near the 0.786 Fibonacci retracement level, reinforcing the bearish bias. The RSI is below 50, pointing to weak buying interest, while the %R indicator confirms oversold conditions. Despite this, the price remains well below key resistance levels, indicating that the bearish trend could persist unless a reversal occurs.


Final Words About EUR vs USD
The EUR/USD pair faces significant headwinds, with fundamental and technical factors aligning to favor a bearish outlook. As the Eurozone grapples with low liquidity due to holidays, the US housing data and economic momentum are likely to support the USD. Traders should monitor the 1.0400 level closely, as a break below could signal further declines. While oversold indicators such as RSI and %R suggest potential consolidation, the overall trend remains bearish. Keeping an eye on upcoming economic releases and price action near support and resistance levels will be essential for effective trading decisions.


12.31.2024
 
EUR/GBP Daily Outlook: Consolidation Ahead of Key Data

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Introduction to EUR/GBP
The EUR/GBP pair, representing the exchange rate between the Euro and the British Pound, is widely followed by traders in Europe and globally. Often referred to as "Chunnel," this pair provides insights into the economic dynamics between the Eurozone and the United Kingdom. Understanding the movement of EUR GBP is critical for traders as it reflects economic divergences and monetary policy decisions within these regions.


EUR GBP Market Overview
The EUR/GBP daily fundamental analysis shows us that the pair is experiencing relative consolidation, reflecting mixed economic signals from both sides. Recent Eurozone unemployment data from the Ministry of Employment and Federal Employment Agency highlighted marginal improvement, signaling stability in the labor market. On the GBP side, markets await data from the Bank of England regarding credit issuance, mortgage approvals, and monetary supply, which could provide insight into UK consumer confidence and economic momentum. The Euro faces modest tailwinds from reduced unemployment claims, but the Pound remains bolstered by expectations of tighter BOE policies. Today's consolidation reflects traders positioning ahead of these upcoming fundamental releases, and tomorrow's data could introduce new volatility.

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EUR-GBP Technical Analysis
The EUR-GBP daily chart illustrates the pair trading within Bollinger Bands, with the pair’s price action gravitating near the lower band—a sign of bearish momentum. The RSI indicator hovers near the neutral 50 mark, showing neither strong buying nor selling pressure at this stage. Immediate support lies at 0.8250, while resistance is observed at 0.8320, which aligns with the 20-day moving average. A close below the lower Bollinger Band could open the path for a further drop to 0.8200. However, a break above 0.8320 could signal a bullish recovery toward 0.8400. The tight trading range indicates cautious market sentiment awaiting a breakout.


Final Words about EUR vs GBP
The EUR/GBP daily analysis reflects a delicate balance between Eurozone resilience and UK monetary policy tightening expectations. Near-term EURGBP price action will likely hinge on tomorrow’s employment data for the Eurozone and monetary indicators from the Bank of England. Traders should closely monitor the technical levels at 0.8250 and 0.8320 for signs of a breakout. With global uncertainties and upcoming data releases, EURGBP remains poised for a decisive move in either direction. Traders should combine technical setups with fundamental cues for informed decision-making.


01.03.2025
 
EUR vs CHF: Insights on Today’s Price Action
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Introduction to EUR/CHF

The EUR/CHF pair, also known as the Euro-Swissy, reflects the exchange rate between the Euro and the Swiss Franc. As one of the most stable forex pairs, EUR/CHF attracts traders seeking security amidst market volatility. The Swiss Franc, being a safe-haven currency, often moves inversely with global risk sentiment, while the Euro mirrors broader economic conditions in the Eurozone. Understanding this pair provides key insights into risk and stability dynamics in the global financial market.


EURCHF Market Overview
The EURCHF pair is currently experiencing cautious trading amidst mixed global economic indicators. Retail sales data in Switzerland revealed no surprises but maintained steady optimism, strengthening the Franc slightly. On the Euro side, holiday liquidity constraints due to Italy's Epiphany Day and lower-than-expected PMI readings weigh on the Euro’s momentum. Upcoming releases such as Germany's CPI later in the month and retail sales data will be crucial in driving further direction. Today, reduced liquidity and speculative trading could dominate the pair, with traders watching for signs of breakout or retracement. Sentiment remains mixed, with the Swiss Franc benefiting from its safe-haven appeal amidst subdued Eurozone growth signals.
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EUR CHF Technical Analysis

On the daily chart, EUR CHF is consolidating near the 0.9370 level, approaching key resistance at the 0.9420 area, marked by the upper Bollinger Band. The price rebounded after testing the middle Bollinger Band and is hovering near the 0.382 Fibonacci retracement level, which previously acted as a critical resistance. Despite this, the EUR-CHF pair struggles to breach this level convincingly. The RSI remains moderately bullish at 53.8, indicating neutral momentum, while the %R oscillator shows a slight inclination toward oversold territory, reflecting cautious buying pressure. Should the price break above 0.9420, it could signal further upside toward the 0.9500 psychological level. However, a failure to hold above the middle Bollinger Band at 0.9340 may prompt a retest of the 0.9200 support zone.


Final Words about EUR vs CHF
The EURCHF pair exhibits a cautious trading pattern, influenced by mixed economic indicators and liquidity constraints in the Eurozone. Traders should closely monitor the 0.9420 resistance and 0.9340 support levels for potential breakout signals. With the Swiss Franc holding firm amidst global uncertainties, any upside in the EUR CHF pair will depend heavily on stronger Eurozone economic data. Additionally, upcoming CPI and retail sales releases will play a pivotal role in shaping the pair’s medium-term trajectory. Risk management remains key as the EUR CHF forex pair hovers in a range, reflecting indecisiveness in the broader market sentiment.


01.06.2025
 
Comprehensive EUR/USD Technical and fundamental Review

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Introduction to EUR/USD
The EUR/USD pair, often referred to as "Fiber" by traders, represents the exchange rate between the Euro and the US Dollar. As the most traded currency pair in the forex market, EUR USD is pivotal for investors and traders worldwide. This pair reflects the economic health and monetary policies of both the Eurozone and the United States. Understanding the dynamics of EURUSD is essential for making informed trading and investment decisions.


EURUSD Market Overview
Currently, the EUR/USD pair is navigating a complex market environment influenced by recent economic data releases and global trends. On the Euro side, the Core CPI Flash Estimate remained steady at 2.7% year-over-year, while the overall CPI Flash Estimate rose to 2.4% from the expected 2.2%. Additionally, Italy's Preliminary CPI for the month showed a modest increase of 0.3%, surpassing expectations of 0.0%, and the unemployment rate held steady at 6.3%. On the US side, the ISM Services PMI rose to 53.5 from 52.1, indicating expansion in the services sector, although JOLTS Job Openings slightly decreased to 7.73 million from 7.74 million. These mixed economic indicators suggest a cautious yet optimistic outlook for the EUR/USD pair, with potential volatility expected in the coming days as traders digest the latest data.

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EUR USD Technical Analysis
Analyzing the daily chart of EUR/USD reveals a technical landscape marked by a recent bearish wave, from which the pair appears to be recovering. The 100-day Moving Average (MA) is positioned well above the current price level, indicating a strong support zone. The Relative Strength Index (RSI) is approaching 44 and has initiated a bullish wave, suggesting increasing buying momentum. Recently, EUR-USD has formed two consecutive bullish candles on the daily timeframe, signaling the potential onset of a bullish trend. Additionally, key support and resistance levels are being closely watched by traders to gauge the pair's next move. The combination of these technical indicators points towards a possible upward trajectory, though traders should remain vigilant for any signs of reversal.


Final Words about EUR vs USD
In conclusion, the EUR/USD pair is currently at a pivotal juncture, balancing between recovering from a bearish phase and the potential for a bullish resurgence. The latest economic data presents a mixed picture, with stable inflation figures in the Eurozone and a slightly improved services sector in the US. Technical indicators such as the RSI and MA100 are hinting at a possible upward trend, supported by recent bullish price action. However, traders should remain cautious and monitor key support and resistance levels, as well as upcoming economic releases, to navigate potential volatility. Strategic risk management and staying informed about both Eurozone and US economic developments will be crucial for successfully trading the EUR/USD pair in the near term.


01.07.2025
 
AUD/USD Daily Analysis: Key Support and Resistance Levels
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Introduction to AUD/USD
The AUD/USD forex pair, often called "The Aussie," reflects the exchange rate between the Australian dollar and the US dollar. This pair’s daily forecast is heavily influenced by commodity prices, especially metals and energy, as well as global risk sentiment due to Australia’s export-driven economy. Traders closely monitor this pair as it offers opportunities to capitalize on economic divergences between the US and Australia. Its liquidity and responsiveness to global events make it one of the most popular pairs in forex trading.


AUD USD Market Overview
The AUD/USD daily news outlook tells us the pair has been under pressure recently, reflecting broader global trends. On the Australian front, CPI data remains a key focus, with the next release on January 29, 2025, expected to shed light on inflationary pressures and guide the Reserve Bank of Australia's (RBA) monetary policy stance. Inflation stability could lead to a more dovish or cautious approach from the RBA, potentially weakening the AUD. On the US side, data such as ADP employment and weekly jobless claims, coupled with hawkish Federal Reserve commentary, have been bolstering the US dollar's strength. The anticipation of robust US labor market data has pushed the greenback higher, weighing on risk-sensitive currencies like the AUD. With global risk sentiment remaining fragile and commodity markets showing limited upside, the Aussie dollar has struggled to gain traction.
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AUD-USD Technical Analysis
The AUD/USD daily(1D) chart shows the pair trading in a well-defined downtrend, with Bollinger Bands signaling extended price volatility. The AUDUSD price is currently trading near the lower Bollinger Band, suggesting that bearish pressure dominates but may also hint at potential oversold conditions. The volume oscillator reflects a recent surge in selling volume, confirming the Aussie’s prevailing bearish sentiment. Resistance is seen at 0.6300, while support lies around 0.6200. Unless the pair breaches the upper Bollinger Band near 0.6350, any recovery attempts are likely to remain capped. Traders should watch for a continuation of the downward trend if the pair breaks below the key support level.


Final Words about AUD vs USD
The AUD/USD daily overview suggests that the Aussie continues to face headwinds due to a combination of strong US economic indicators and weaker Australian fundamentals. A break below the 0.6200 support level could lead to further declines, opening the way to test new lows. However, traders should remain cautious of potential reversals if global risk sentiment improves or commodity prices rise significantly. Keeping an eye on upcoming Australian CPI data and US labor market reports is crucial for identifying directional cues. For now, the US dollar appears to maintain an upper hand against the Aussie, with the pair’s daily technical analysis pointing to sustained bearish momentum in the near term.

01.08.2025
 
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