Major currency pairs are showing relatively modest movements as traders reassess Federal Reserve interest-rate expectations, monitor central-bank policy signals, and remain cautious amid elevated geopolitical and oil-market risks.
Testing mid-range support at 1,895.63! Are you panic-selling this local pullback into trendline support, or getting ready to buy the bounce for a run to $1,950? 🤔
Testing lower flag support near 1.35375! Are you panic-buying this minor pause, or positioning for the multi-wave drop to the 1.35100 channel floor? 🤔
On the daily chart, NZDUSD encountered resistance and fell back after testing the previous supply zone, forming a bearish Gartley pattern in the short term. Currently, the 0.5890-0.5900 area is worth watching; short positions can be considered if a rebound encounters resistance, with a downside target around 0.5800.
Gold (XAU/USD) on the 15-minute timeframe has shown a clear Market Structure Shift (MSS) following a bullish reversal off low liquidity levels. Price is currently consolidating near the local resistance zone around 4,410.00, maintaining an overall bullish bias above the 100 EMA.
Bitcoin is showing a strong recovery after breaking out of the downward channel. Price is currently around 64,135, with the chart highlighting 64,901 as the key resistance.