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Bitcoin Price Falls Below $90,000: Liquidations Mount as Market Responds to Bybit Hack

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  • February 25, 2025
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Bitcoin’s price is down below $90,000, wrapping up its consolidation phase and causing epic liquidations in the crypto market. In the last 24 hours, $1.34 billion of liquidations erased 367,500 traders, with the largest individual order at $20.80 million on Binance. The fall comes in the wake of a security incident at Bybit, which saw the exchange lose about $2 billion worth of BTC from its coffers. Uncertainty in the markets and mounting selling pressure have pushed Bitcoin to a low of $88,200, with analysts issuing warnings that additional losses could send BTC to the $85,000 support point. But in the event that sentiment improves, Bitcoin can try to regain the $100,000 level. KEY LOOKOUTS • BTC drops to $88,200, a steep 4.89% drop and ending its prolonged consolidation, worrying investors. • More than $1.34 billion in liquidations erased 367,500 traders, with the biggest single order of $20.80 million on Binance, boosting selling pressure. • Bybit lost approximately $2 billion in BTC from reserves as a result of a security breach, resulting in increased investor fears and market withdrawals. • Bearish momentum in Bitcoin persists, with RSI approaching oversold levels. Further decline can test $85,000, and a bounce can test $100,000. Bitcoin’s sudden drop below $90,000 has caused enormous liquidations, erasing 367,500 traders and a total of $1.34 billion in losses. The downturn in the market comes after a security hack at Bybit that saw a loss of $2 billion in BTC reserves, instilling uncertainty and investor withdrawals. The largest volume liquidation order of $20.80 million happened on Binance, contributing to the selling wave. With Bitcoin’s drop to $88,200 and its RSI close to oversold, experts indicate that BTC may challenge the $85,000 support level if the bearish trend continues. The price, however, can still rebound and recover towards the $100,000 psychological level. Bitcoin’s price fell below $90,000, initiating $1.34 billion worth of liquidations and eliminating 367,500 traders. A $2 billion BTC loss by Bybit reserves created market uncertainty. If the bearish strength prevails, BTC might challenge $85,000, while a reversal could reach $100,000. • BTC falls to $88,200, putting an end to its extended consolidation period and causing major market volatility. • More than $1.34 billion worth of liquidations erased 367,500 traders in 24 hours, with the single biggest order valued at $20.80 million on Binance. • Bybit lost about $2 billion worth of BTC reserves following a security breach, and this triggered heightened investor withdrawals and market volatility. • The breach and market anxiety prompted a wide sell-off, driving Bitcoin to lower support levels and enhancing downward momentum. • The Relative Strength Index (RSI) on the daily chart is 30, which indicates strong bearish momentum and a possible further price drop. • Experts warn that Bitcoin may test the $85,000 level if the bearish trend persists, fuelling fears of further corrections. • If Bitcoin recovers, it may retest its $100,000 psychological level, so investor sentiment will be the key to what happens next. Bitcoin’s recent decline below $90,000 has caused shockwaves in the cryptocurrency space, spawning across-the-board liquidations and jitters among investors. The unexpected dip follows a security hack at Bybit, where up to $2 billion worth of BTC reserves were stolen, leading the majority of users to withdraw their funds. The incident has raised eyebrows regarding the security of centralized exchanges and the need for self-custodial wallets. The cryptocurrency community is paying close attention to how exchanges react to such incidents, as investor sentiment is important in keeping the market stable.  BITCOIN Daily Price Chart TradingView Prepared by ELLYANA The sell-off has also affected traders, with more than $1.34 billion worth of liquidations taking place within 24 hours, hitting 367,500 traders. Market sentiment has been dented, as fear and uncertainty spread after the Bybit incident. Though Bitcoin has experienced similar declines in the past, the situation now accentuates the increasing difficulty of securing digital assets. In the backdrop, talk of decentralized finance (DeFi) and self-custody is gaining traction as investors look for safer options to safeguard their investments. TECHNICAL ANALYSIS Bitcoin’s recent price action indicates robust bearish momentum, with the price falling below the important psychological level of $90,000. The collapse of this level precipitated massive liquidations, indicating rising selling pressure. The Relative Strength Index (RSI) on the daily chart has fallen to 30, close to oversold levels, which means that BTC may be in need of a short-term rebound. But the inability to stay above the $94,000 support level indicates that Bitcoin may test lower support levels, with $85,000 becoming a key level to monitor. On the positive side, a bounce above $91,500 might be a sign of a reversal but with stubborn resistance at $94,000 and $100,000 that could cap the upside action. Traders are taking keen interest in volume action and market sentiment to determine if Bitcoin will bounce back into its bullish trend or maintain its downside correction. FORECAST Bitcoin’s recent fall below $90,000 is a sign of sustained selling, with prospects of further downward action. The breakdown of the crucial support levels has added bearish momentum, and if BTC cannot hold up above $88,000, it might prolong its correction down to $85,000. Market sentiment is still weak courtesy of the Bybit security breach, which has instilled fear among investors. Also, liquidation figures indicate that investors are selling their positions, which further adds to the negative momentum. If selling persists, Bitcoin could struggle to establish firm support, paving the way for a potential retest of lower levels. Bitcoin has proven to be resilient in the past in bouncing back from market dips. If investors step in and push BTC above $91,500, it can regain its bullish trend, with a possible retest of the $94,000 resistance level. A break above this range could unleash more gains, with the psychological $100,000 level being the next key resistance. Moreover, if RSI stays in oversold levels for a long time, a relief rally may happen, drawing buyers who seek cheap entry points. Institutional demand and overall

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Commodities Gold

Gold Price Retreats On Profit-Taking, But Bullish Momentum Intact

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  • February 25, 2025
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Gold price (XAU/USD) continues its intraday drop from a record high, falling to the $2,929 area as investors take profits. Yet, worries about US President Donald Trump’s tariff proposals and expectations of Federal Reserve rate cuts still support the precious metal. In spite of a modest recovery in the US Dollar, softer macroeconomic data and gold-backed ETF inflows support the bullish view. Short-term consolidation or a mild pullback is probable, but the general direction is higher, with robust support at $2,920-$2,915. Market participants now look to important US economic releases and FOMC speeches for further cues. KEY LOOKOUTS • Robust support around $2,920-$2,915 may see dip buyers, capping further losses. • FOMC commentary and US economic reports could issue new directional impulses for XAU/USD. • The levels of $2,900 and $2,880 serve as pivotal support zones, while an upward break over recent highs will trigger additional strength. Price of gold remains under the microscope as it pullbacks from fresh record highs through profit-taking but the overall upward trend remains very much in tact. Market sentiment is driven by expectations of Federal Reserve rate cuts and concerns over US trade policies, which continue to support demand for the safe-haven metal. Strong technical support near the $2,920-$2,915 zone may attract dip buyers, preventing deeper losses. Meanwhile, upcoming US economic data, including the Consumer Confidence Index and PCE Price Index, along with FOMC speeches, could influence the next move in XAU/USD. Traders are on guard, monitoring major support and resistance levels for additional price action. Gold price pulls back from highs on profit-taking, yet Fed rate cut expectations and fear of trade war ensure bullish drive continues. Major support around $2,920-$2,915 would catch dip buyers, though future US economic releases may dictate future price action. • Gold price pulls back from highs as traders take profits, though overall bullish trend continues. • Bets on additional Federal Reserve rate cuts underpin the non-yielding bullion, capping deeper losses. • US President Donald Trump’s plans for tariffs increase economic uncertainty, enhancing gold’s safe-haven appeal. • Firm buying interest anticipated in the $2,920-$2,915 area, followed by $2,900 and $2,880 as key downside levels. • A modest recovery in the US Dollar places some pressure on gold, but softer macroeconomic data maintains bullish sentiment. • Investors look to US Consumer Confidence Index, Richmond Manufacturing Index, and PCE Price Index for new market signals. • Latest numbers reflect the highest weekly inflow in physically backed gold ETFs since March 2022, reflecting gold’s high demand. Investors are focusing on gold because market mood is driven by policy choices and economic uncertainties. Profit-taking saw some back-tracking from new highs, though, but the deeper drivers in terms of concern around trade war risks and the possibility of Fed rate cuts have ensured its use as a haven asset remains supported. With potential escalations on US President Donald Trump’s tariffs being a danger signal for international markets, market players are all ears for their implications. Furthermore, the most recent economic indicators indicate a slowdown, further boosting the demand for gold as an economic stability hedge. XAU/USD Daily Price Chart TradingView Prepared by ELLYANA Investor demand for gold-backed ETFs has also increased, with the biggest weekly inflow since March 2022, indicating ongoing confidence in the metal. In the meantime, Federal Reserve policymakers are still cautious on future rate moves, highlighting the requirement for additional economic clarity before additional cuts. As inflation reports and consumer confidence data are revealed, gold is still a favored asset in times of market uncertainty. Investors and traders are still watching geopolitical events and economic data, keeping gold on their radar as a long-term volatility hedge. TECHNICAL ANALYSIS Gold is still in a consolidation phase after hitting all-time highs, with solid support at the $2,920-$2,915 area. The price action indicates that the recent dip is actually a temporary correction and not a trend reversal, as the overall bullish momentum is still intact. The Relative Strength Index (RSI) is close to the overbought area, suggesting possible short-term consolidation before another move upward. If gold holds support at $2,900, it may draw new buying interest, while a clean break below this level could set the stage for further losses to the $2,880-$2,855 area. Resistance is close to recent highs, and a breakout above those levels could set the stage for additional gains. Traders will be watching closely for upcoming US economic data and Fed commentary for possible direction. FORECAST Gold’s bullish impulse continues to ride high, supported by hopes for Federal Reserve interest rate cuts and global economic unrest keeping the safe-haven commodity buoyant. Should market sentiment be in the direction of yet more monetary policy loosening, gold may re-ignite its buying interest with prices potentially approaching new highs. A break sustained above recent tops may set up for more strength, with fund demand and ETF inflows also serving as supplementary drivers. Any indication of heightened economic uncertainty or geopolitical tensions would help further boost the appeal of gold, maintaining the bearish trend intact. Downside, gold could witness occasional pullbacks on account of profit-taking and short-term US Dollar strength. In case of failure of key supports around levels of $2,920-$2,915, a more significant correction towards the levels of $2,900 and $2,880 is possible. Strong economic reports or a hawkish tone from Federal Reserve officials may also put pressure on gold, causing short-term losses. As long as the overall trend is positive, however, dips will tend to draw in new buyers, capping deeper losses and supporting gold’s long-term trend.

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Currencies EUR/USD

EUR/USD Price Prediction: Major Resistance Levels and Market Trends In the Wake of Political Stability in Germany

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  • February 25, 2025
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EUR/USD is gaining momentum around 1.0470 in the Asian session on the back of renewed political stability in Germany following the election win of the conservative CDU/CSU alliance. Nevertheless, the pair is still bearish below the 100-period EMA, with major resistance at 1.0525-1.0530. A breakout above this level might trigger more gains towards 1.0630 and higher, while risks of a decline exist at 1.0400, with possible falls towards 1.0295 and 1.0210. Market sentiment is still cautious, with technical analysis indicating a mix of signals, making the 1.0500 level the key battleground for traders. KEY LOOKOUTS           • EUR/USD has key resistance at 1.0525-1.0530, with a breakout potentially giving way to further gains towards 1.0630 and 1.0777. • The duo finds initial support at 1.0400, with further losses potentially taking it down to 1.0295 and 1.0210. • The 100-period EMA maintains the bearish picture, while the RSI level of 55.50 indicates possible upside action. • The CDU/CSU election win in Germany boosts EUR sentiment, but investor attention is still on major technical levels and economic indicators for further direction. EUR/USD is still at a crucial point, trading around 1.0470, as the market weighs important technical and political considerations. The pair is under significant resistance at 1.0525-1.0530, and a break higher could unlock the way to 1.0630 and 1.0777. Support on the downside is at 1.0400, with potential further losses towards 1.0295 and 1.0210 if selling gains momentum. The 100-period EMA maintains the bearish stance, while RSI at 55.50 indicates some upside potential. The CDU/CSU election win by Germany has also brought temporary stability to the Euro, but market sentiment is still wary, with the market closely observing economic data and global risk trends. EUR/USD remains close to 1.0470, with important resistance seen at 1.0525-1.0530 and support near 1.0400. The 100-period EMA remains bearish in its outlook, although the RSI indicates potential upside. Political stability in Germany favors the Euro but market sentiment is cautious. • EUR/USD is confronted by strong resistance near 1.0525-1.0530, with a breakout having the potential to move the pair towards 1.0630 and 1.0777. • The pair meets initial support at 1.0400, with further losses potentially pushing to 1.0295 and 1.0210. • The 100-period EMA maintains the bearish direction, limiting upside. • The 14-day RSI at 55.50 indicates probable upside momentum, subject to the ongoing bearish trend. • Germany’s CDU/CSU election success has brought temporary stability to the Euro, allowing for modest gains. • A breakdown below the lower band of 1.0295 could provoke further losses, with the upper band around 1.0530 serving as resistance. • Market participants are keeping a close eye on economic indicators and global risk factors for further guidance. EUR/USD currency pair is witnessing a change in market mood as political stability is back in Germany. The recent election win of the CDU/CSU coalition has allayed fears of extended political uncertainty, sending confidence in the Euro higher. Investors are now closely watching how this leadership transition will impact economic policies, trade relations, and fiscal strategies. With Germany being the largest economy in the Eurozone, its political direction plays a crucial role in shaping the broader European financial landscape. The market remains attentive to upcoming policy decisions that could influence investor confidence and economic growth. EUR/USD Daily Price Chart TradingView Prepared by ELLYANA Outside of politics, trends in global economics and macroeconomic events still dictate EUR/USD direction. Inflation rates, central bank actions, and geopolitical tensions are still major determinants of market sentiment. The U.S. Federal Reserve’s monetary policy stance and economic releases will still be important variables in dictating the pair’s direction in the future. Foremost, ongoing debates on global trade, energy prices, and economic recovery after the pandemic provide another dimension of uncertainty. As investors ponder these issues, market players take a wait-and-see attitude, anticipating better clarity on both regional and world economic situations. TECHNICAL ANALYSIS EUR/USD is still in a tentative area, as major indicators will determine its immediate direction. The pair is hovering below the 100-period Exponential Moving Average (EMA), supporting a bearish attitude. Yet, Relative Strength Index (RSI) at about 55.50 indicates moderate bullish pressure, and hopes for a move higher still linger. The Bollinger Bands signal possible volatility, the higher band serving as resistance at 1.0525-1.0530, and the lower band at 1.0295 acting as support. A clean break above resistance would initiate further advances, while below support would increase selling pressure. Traders are keeping close watch at these levels for confirmation on the direction of the next trend. FORECAST EUR/USD is able to cross above the crucial resistance area of 1.0525-1.0530, bullish pressure may intensify, driving the pair to even higher levels. A continued breakout above this range can draw new buying interest, likely propelling prices to 1.0630, a key level of resistance in December 2024. Still higher, a rally could continue to 1.0777, a level that was recently tested in August 2024. Improved market sentiment, better Eurozone economic statistics, or a more dovish bias from the U.S. Federal Reserve could still contribute to uptrend momentum in the pair. EUR/USD cannot stay above the 1.0400 psychological level support, and selling pressure may gain strength to cause more declines. Breaking below this psychological level may lay the ground for declines to the lower Bollinger Band at 1.0295, with an even deeper fall targeting 1.0210, the early February 2024 low. Bearishness can be triggered by more robust U.S. economic reports, a dovish Federal Reserve, or risk aversion across markets. In this situation, investors might rush to safe-haven assets, further stressing the Euro.

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Bitcoin Crypto

Bitcoin Weekly Forecast: Consolidation, Weak Demand, and Correction Risks Ahead

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  • February 22, 2025
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Bitcoin is in a consolidation phase between $94,000 and $100,000, with weakening institutional demand reflected in $489.60 million of ETF outflows and decreasing network activity, while technical indicators like a bullish MACD crossover indicate potential upside if BTC can break above $100,000—yet muted RSI momentum and upcoming FTX repayments highlight prevailing market uncertainty, and CryptoQuant cautions that without better demand and liquidity, Bitcoin may experience further corrections down to $86,000. KEY LOOKOUTS • Bitcoin is ranging between $94,000 and $100,000 in the face of large ETF redemptions and softening institutional buying, which presents a tenuous price setting for risk-averse traders. • A bullish MACD crossover presents possible upside momentum in case Bitcoin crosses $100,000, but soft RSI and low network activity continue to increase risk worries. • Deadbeat FTX repayments are creating market uncertainty, as smaller creditor payments trigger nervousness among investors while waiting for larger payment schedules beginning on May 30. • CryptoQuant’s report cautions that in the absence of better demand and liquidity, Bitcoin’s ongoing consolidation might fail, potentially dropping prices to support levels at $86,000. Bitcoin is ranging between $94,000 and $100,000 as institutional appetite falters, with ETF redemptions worth $489.60 million supporting weak market conditions. A bullish MACD crossover suggests possible uptrend momentum if Bitcoin breaks above $100,000, though muted RSI readings and low network activity hint at continued market conservatism. CryptoQuant cautions that without enhanced demand and liquidity, Bitcoin may fall to support levels around $86,000, with FTX repayment uncertainties providing additional investor jitters. Bitcoin is ranging between $94,000 and $100,000 on weak institutional buying and heavy ETF outflows. A bullish MACD crossover indicates upward momentum, but muted RSI and low network activity call for caution. CryptoQuant advises that without enhanced demand and liquidity, Bitcoin can fall to support levels around $86,000. •  Bitcoin has been ranging between $94,000 and $100,000 since early February. •  US Bitcoin spot ETF flows indicate net withdrawals of $489.60 million through Thursday. •  CryptoQuant cautions that without better demand and liquidity, Bitcoin may fall to about $86,000. •  Institutional demand is declining, contributing to the present delicate market conditions. •  Deceased FTX payments have brought further uncertainty, with smaller creditors already being paid. •  A bullish MACD crossover indicates possible upward momentum in case Bitcoin breaks the $100,000 barrier. •  Slowing network activity and multi-month low volatility indicate investor caution. Bitcoin has been ranging between $94,000 and $100,000, with dipping institutional demand and high ETF outflows. The sentiment of the current crypto market is further subdued by weak network activity, with the network activity index of Bitcoin being the lowest in a year, reflecting a general loss of interest in the markets. This deteriorating demand, along with persisting fears about liquidity, is keeping investors nervous, with some expecting additional price corrections if things do not start looking up. On the other hand, market uncertainty has been compounded by the process of repayment of FTX creditors that has created further uncertainty. BITCOIN Daily Price Chart TradingView Prepared by ELLYANA These trends have resulted in a tentative market environment where aggregate demand seems to be declining. Furthermore, the ongoing exercise of settling creditors by the collapsed FTX exchange has contributed to existing uncertainty among stakeholders. Market players are monitoring these events keenly, as sustained issues with demand and liquidity may have long-term implications for the wider Bitcoin ecosystem. TECHNICAL ANALYSIS Bitcoin technicals imply a guarded accumulation for a possible directional move. The bullish MACD crossover of the daily chart implies a likely surge in momentum in case Bitcoin is able to break through the $100,000 mark, and the RSI staying close to its neutral point of 50 indicates an even tug-of-war between buyers and sellers. The consolidation in the $94,000 to $100,000 range indicates a time of balance, with low volatility and moderate volume supporting the idea that a major breakout or breakdown may be on the horizon. FORECAST If Bitcoin is able to break convincingly above the $100,000 level, the market is likely to find renewed bullish thrust, with upside price action in the direction of the January 30 high of around $106,457. Favorable technical signals like the MACD crossover indicate a probable sustained upside based on growing momentum fueled by optimistic investor sentiment or favorable market developments. If Bitcoin is unable to hold support at the present consolidation level and breaks below $94,000, it may be subject to further price corrections. Further weakening of demand and liquidity conditions, along with uncertainty in the market, might push Bitcoin’s price down to critical support levels around $86,000. This could be worsened by low network usage and continued institutional outflows, which are indicators of a weakening market.

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Crypto Ethereum

Ethereum Price Prediction: SEC’s Interest in Staking May Drive Gigantic Inflows into ETH ETFs

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  • February 21, 2025
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The U.S. SEC’s increased interest in staking crypto might have a serious influence on the price direction of Ethereum and the inflows of ETFs. With the regulatory body accepting 21Shares’ application to include staking within Ethereum ETFs, institutional investors and retail users might find ETH more appealing with its potential for generating yields. Staking is one of Ethereum’s long-held value propositions, and if they get it done, it might usher in an enormous amount of capital inflow, potentially outranking Bitcoin ETFs. Despite trading at $2,740 currently, it is range-bound between $2,500 and $2,850, but a bullish break is likely once it crosses past major resistance areas. Market conditions indicate increasing bullish momentum, yet a powerful stimulus is required to propel Ethereum towards a long-lasting uptrend. KEY LOOKOUTS • If sanctioned, staking would fuel enormous inflows, making Ethereum ETFs more popular and even overtaking Bitcoin ETFs in popularity. • ETH needs to break above the $2,850 resistance level to validate a bullish trend; otherwise, it can stay range-bound or experience sell-offs. • Institutional investors have raised their ETH ETF holdings substantially, indicating faith in Ethereum’s long-term prospects and its worth as a staking asset. • The Stochastic Oscillator and Relative Strength Index (RSI) indicate increasing bullish momentum, but ETH requires a strong catalyst for a clear breakout. Ethereum’s price direction is at a crossroads with the SEC taking increased interest in crypto staking that has the potential to transform its ETFs and overall sentiment. Approval of staking in Ethereum ETFs has the ability to trigger enormous institutional inflows into ETH, making it a more desirable asset. At present, ETH is stuck in a range between $2,500 and $2,850, and the $2,850 mark is a very solid resistance level. A breach above this would solidify bullish market structure, while a failure to do so could keep the price muted. As institutional investors are buying into more ETH ETF holdings and technicals reflect increasing bullish sentiment, Ethereum’s next direction will depend on regulatory developments and overall market drivers. Ethereum’s price continues to be range-bound as the SEC’s consideration of staking may fuel huge ETF inflows. A break above $2,850 could validate a bullish trend, with institutional investment still increasing, reflecting strong long-term faith in ETH. • The SEC is working closely with the crypto sector to consider staking, which may permit it in Ethereum ETFs. • Ethereum ETF staking approval would see substantial institutional and retail investment flowing in, making ETH’s proposition even more valuable. • ETH needs to overcome this important resistance level to develop a bullish trend; otherwise, it can remain range-bound. • Institutional holders of ETH ETFs have increased their holdings from 4.8% to 14.5% during the last quarter, reflecting immense market confidence. • RSI and Stochastic Oscillator indicate increasing upward momentum but with a catalyst to break out. • The price of Ethereum continues in a downward channel, with bulls having to defend support levels to avoid additional downside risk. • Should ETH not hold support, a slide below $2,200 will negate the bullish scenario and drop the price down to $1,500. The U.S. SEC’s growing interest in crypto staking can potentially redefine Ethereum’s investment landscape, particularly in the context of ETFs. By recognizing 21Shares’ application to allow staking in its Ethereum ETF, the regulatory agency indicates a change that could institutionalize Ethereum’s staking model. Staking enables investors to receive passive income by validating the blockchain, and it is a significant value proposition for ETH. If approved, Ethereum ETFs with staking would be able to draw a large number of investors looking for both price appreciation and yield generation, further cementing ETH’s status as a leading crypto asset. ETHEREUM Daily Price Chart TradingView Prepared by ELLYANA Institutional adoption of  Ethereum is also growing, with major players continuing to expand their ETF holdings. Increased participation from institutional investors underlines Ethereum’s promise beyond as a mere digital currency—it is a dominant force in decentralized finance (DeFi) and blockchain technology. With Ethereum’s growing network, staking is a central factor that strengthens security and decentralization. With the ever-present debates surrounding regulation and a growing stake by the industry, Ethereum’s function in the financial world is primed to transform, cementing it as a long-term threat in the general crypto currency landscape. TECHNICAL ANALYSIS Ethereum price action is still within a range, with significant resistance at $2,850 and support at $2,500. The downtrend channel pattern established since mid-December continues to shape price action, with bulls trying to break out of this pattern. If ETH can close above the top line of the channel, it would indicate a change to bullish momentum, which may draw in more buyers. Market indicators like Relative Strength Index (RSI) and Stochastic Oscillator exhibit slow ascent, indicating increasing buying pressure. Nevertheless, inability to hold above key points may result in consolidation or even possible retesting of lower support levels. FORECAST The price direction of Ethereum is uncertain, and both bullish and bearish scenarios are unfolding based on market catalysts and regulatory updates. If the SEC greenlights staking in Ethereum ETFs, ETH may see a big bullish move as institutional investors boost their positions. A move above the $2,850 resistance level would validate bullish momentum, which could drive ETH to the $3,000 level and beyond. More ETF inflows and growing faith in Ethereum’s staking ability could also reinforce its long-term price stability and growth. On the negative side, unless regulatory risks fade away or staking approval gets delayed, Ethereum may not be able to see any upside. The $2,500 level continues to be significant, and any fall below this region may extend losses. Global economic factors, investor risk sentiment, and overall market sentiment will also contribute to ETH’s movement. If the pressure to sell goes up, Ethereum may experience a pullback towards the $2,200 price level, and in the worst-case scenario, it may decline to $1,500. Nevertheless, favorable institutional investment and the overall crypto market recovery can prevent a drastic correction.

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Commodities Gold

Gold Price Pulls Back from All-Time Highs: Influence of USD Strength, Trade War Fears, and Fed Policy

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  • February 21, 2025
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Gold prices (XAU/USD) have pulled back from their all-time highs as a modest rebound in USD demand, driven by the Federal Reserve’s conservative approach to rate cuts and profit-taking among traders, took hold. Even so, downside action is contained as fears of a global trade war, ignited by former U.S. President Donald Trump’s plans for tariffs, continue to underpin safe-haven demand for gold. Also, inflation concerns and geopolitical tensions, notably the Russia-Ukraine conflict, further support bullion’s allure. Although the technical configuration implies a short-term consolidation, the overall trend is bullish, with traders keeping close tabs on important support levels and future economic releases for additional market guidance. KEY LOOKOUTS • U.S. Dollar strength and the Federal Reserve’s reluctance to cut interest rates could be controlling short-term gold price action. • The announced tariffs by Trump and the resulting risk of a global trade war could fuel inflationary concerns and drive the safe-haven demand for gold. • Rising tensions between Russia and Ukraine, particularly Ukrainian drone strikes against Russian oil facilities, could further enhance the appeal of gold as an insurance against uncertainty. • Support levels of $2,900 and $2,880 could be good buying levels, while a breakout above $2,955 would indicate additional upside strength. Gold prices still oscillate on the back of a multi-pronged confluence of forces, including the strength of USD, fears over trade war, and tensions over geopolitics. Although a partial recovery in the U.S. The cautious stance of the Federal Reserve and Dollar toward reducing rates has set off some profit-taking, yet the downside is contained owing to continued fears over inflation and world trade volatility. Trump’s policies on tariffs and new geopolitical concerns, like the Russia-Ukraine war, continue to bolster gold’s safe-haven appeal. Technically, the major support in the range of $2,900-$2,880 is likely to lure buyers, and a breakout above $2,955 is likely to propel further upside momentum, maintaining the overall bullish trend intact. Gold prices pull back slightly from all-time highs on USD recovery and profit-taking, but trade war anxiety and geopolitical tensions remain supportive of bullish momentum. Major technical levels in the range of $2,900-$2,880 are likely to serve as buying zones, and a breakout above $2,955 is likely to trigger further gains. • XAU/USD pulls back from all-time highs as profit-taking and a soft rebound in USD demand. • The Federal Reserve’s conservative attitude towards rate reductions and USD strength cap further advances in gold prices. • Trump’s tariff announcements drive inflation worries and boost gold’s safe-haven demand. • Russia-Ukraine tensions and rising global uncertainties continue to bolster bullion as a hedge. • Inflation expectations keep gold in favor in spite of price volatility in the short term. • Primary support levels between $2,900-$2,880 would be where purchasing interest could find buyers, or a break through $2,955 could induce further increases. • U.S. PMI figures, sales of homes, and consumer sentiment index can contribute to gold’s short-term course. Gold remains a safe-haven favorite against increasing worries on global economic tensions and geopolitical fears. The recently announced trade plans by previous U.S. President Donald Trump, such as further tariffs on Chinese imports and higher duties on steel and aluminum, have triggered concerns of a possible global trade war. These actions can fuel inflationary pressures, which will make gold an attractive hedge against inflation. Moreover, economic worries due to a weaker consumer sentiment, evidenced by Walmart’s lower-than-expected sales projection, further increase the demand for gold as investors want stability.  XAU/USD Daily Price Chart TradingView Prepared by ELLYANA Geopolitical risks remain also a main driver of gold’s safe-haven demand. The Russia-Ukraine conflict, specifically Ukrainian drone strikes on Russian oil infrastructure, contributes to market uncertainty and further boosts the appeal of gold as a risk-free asset. At the same time, conflicting signals from Federal Reserve officials about inflation and possible rate cuts lead to uncertainty in financial markets, causing investors to diversify into gold. As global economic and political uncertainties continue, gold continues to be a reliable store of value during volatile times. TECHNICAL ANALYSIS Gold is still in a robust uptrend even as it pulls back temporarily from record highs. The recent spillover over the $2,928-$2,930 resistance levels indicates further bullish pressure, and $2,955 will be the next critical barrier on the upside. On the flip side, protection is visible at $2,900, followed by $2,880, which may act as buying areas for buyers interested in entering longs. The Relative Strength Index (RSI) is still near the overbought zone, suggesting short-term consolidation prior to the next leg up. A convincing breakout above $2,955 may pave the way for higher gains, but a breakdown below $2,880 may confirm a more pronounced correction. FORECAST Gold’s medium- and long-term uptrend remains firm, although short-term corrections are inevitable given different economic and geopolitical considerations. On the bullish side, if gold continues its strength above the $2,928-$2,930 resistance levels, a breakout above $2,955 may propel prices upwards. Robust safe-haven demand, fueled by geopolitical tensions and inflation fears, may propel a rally to the $3,000 level. Moreover, any dovish Federal Reserve policy or soft U.S. economic data may also support gold’s rise, drawing new buyers into the market. On the bearish side, profit-taking and a modest rebound in the U.S. Dollar may cause a short-term pullback. Key support levels of $2,900 and $2,880 will be important in ascertaining the extent of any correction. A breakdown below these levels could see a further fall to $2,860 or even $2,834. Yet, with the underlying macroeconomic uncertainties, any deep fall is expected to be supported by buying interest, capping the downside risk and preserving gold’s overall bullish outlook.

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Currencies EUR/USD

EUR/USD Price Analysis: Bearish Reversal Imminent as Upward Wedge Pattern Indicates Weakening Momentum

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  • February 21, 2025
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The EUR/USD currency pair is low-key around the 1.0500 region, ranging in a rising wedge pattern, which points towards an impending bearish reversal. Although the 14-day RSI is close to 60, reflecting sustained bullish momentum, a reading above 70 may set off an overbought correction. The pair is currently positioned above both the nine-day and 14-day EMAs, which supports short-term strength. But a fall below the key support levels of 1.0453 (nine-day EMA) and 1.0436 (14-day EMA) would seal a bearish move, which could take the pair to 1.0177, its lowest since November 2022. On the higher side, resistance is at 1.0540, with a breakaway likely to take the pair to the two-month high of 1.0630. KEY LOOKOUTS • EUR/USD trades in a rising wedge formation, which could portend a possible bearish reversal if the downward pressure gathers strength and important support levels are breached. • The 14-day RSI fluctuates close to 60; an increase above 70 can be an indication of overbought, and it can lead to a pullback correction in the pair. • The nine-day EMA of the pair at 1.0453 and 14-day EMA at 1.0436 are the crucial support levels—a break below could seal further downside threats. • The higher limit of the rising wedge at 1.0540 is still a significant resistance level—a break above might push the pair towards 1.0630 highs. The EUR/USD pair continues to be at a pivotal point, ranging about 1.0500 in a rising wedge pattern, which could indicate a bearish reversal if bearish momentum picks up. The 14-day RSI close to 60 indicates ongoing bullish support, but a move above 70 would signal overbought levels, raising the probability of a corrective pullback. The key support levels are at 1.0453 (nine-day EMA) and 1.0436 (14-day EMA), and a clean break below this level may further speed losses to 1.0177, its lowest since November 2022. On the other hand, a breakout above 1.0540, the top of the rising wedge, may solidify the bullish bias, moving the pair to the 1.0630 resistance level, which was last visited in early December. EUR/USD is quoted at 1.0500, trending within a rising wedge formation, suggesting a bearish reversal if a break of significant support at 1.0453 occurs. A reading near 60 in the 14-day RSI indicates bullish strength, but above 70 it might trigger a pullback. Breaking above 1.0540 can advance the pair towards 1.0630, solidifying a bullish trend. • EUR/USD is in a rising wedge, suggesting a bearish reversal if downside pressure picks up. • The nine-day EMA at 1.0453 and 14-day EMA at 1.0436 serve as crucial support; a break below could accelerate losses. • The upper boundary of the wedge at 1.0540 acts as a key resistance—breaking above it could trigger further bullish momentum. • The 14-day RSI suggests continued bullish strength, but a move above 70 may indicate overbought conditions, leading to a correction. • A decline below 1.0436 could turn momentum on the downside and drive the pair to 1.0177, its low since November 2022. • Should EUR/USD cross above 1.0540, it will test the two-month high at 1.0630, supporting a bull scenario. • The pair trades above its EMAs, supporting short-term bullishness, though falling volume within the wedge is an indicator of weakening buying force. The EUR/USD is in the limelight as market players closely monitor its trajectory in the wake of global economic developments. Investor moods are determined by several factors, such as geopolitical events, central bank actions, and macroeconomic announcements. The performance of the European economy, particularly regarding inflation and growth indicators, has a strong bearing on the outlook for the euro. At the same time, the U.S. dollar continues to be a dominant force, fueled by economic data, interest rate expectations, and general market sentiment. The interaction of these underlying factors decides the strength and stability of the currency pair. EUR/USD Daily Price Chart TradingView Prepared by ELLYANA Market sentiment is also influenced by investor sentiment, risk appetite, and external factors such as trade relations and monetary policy announcements. Any changes in world financial conditions have a profound effect on exchange rate behavior. Traders and investors track these variables to estimate possible movements and make sound judgments. Consumer spending, employment patterns, and economic stability in both regions also play a role in long-term trends in the EUR/USD currency pair. Knowledge of these factors aids in evaluating market conditions outside short-term volatility, giving a better view of currency market movement. TECHNICAL ANALYSIS The EUR/USD currency pair is now trading in the form of a rising wedge pattern, a pattern that usually indicates a probable trend reversal. The pair still holds above its nine-day and 14-day Exponential Moving Averages (EMAs), representing short-term bullishness. But a breakdown below the key support levels can lead to a bearish turn. The 14-day Relative Strength Index (RSI) is at about 60, indicating ongoing bullish support, but should it rise above 70, this would indicate overbought levels, and a correction would ensue. On the upside, 1.0540 is a crucial resistance level, and a break out above it would drive the pair to the 1.0630 level, strengthening the bullish trend. Alternatively, a firm fall beneath the 1.0453–1.0436 support region would result in additional downward pressure, validating a change in momentum. FORECAST The EUR/USD currency pair is at a decisive moment with both the bullish and bearish picture on the cards. If the bullish trend prevails, the pair may break above the 1.0540 resistance level, indicating further robustness. A successful break may take it towards the 1.0630 level, a two-month high set in early December. If buying continues to increase, the next target on the upside would be around 1.0700, fueled by optimistic market sentiment and healthy economic data out of the Eurozone. On the flip side, if EUR/USD does not hold onto its present levels and breaches vital support levels at 1.0453 (nine-day EMA) and 1.0436 (14-day EMA), then it would mark a bearish reversal. A decisive fall below this area can propel losses further to

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Currencies

USD/CAD Sustains the Levels with US Jobless Statistics and BoC Rate Rumors

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  • February 21, 2025
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USD/CAD sustains its levels at 1.4150 as market participants consider contradictory economic cues from the US and Canada. The US Dollar is under pressure in the face of higher-than-projected jobless claims and unpredictable Federal Reserve policy, whereas the Bank of Canada (BoC) is likely to slow down rate reductions owing to persistent inflation. Market mood was lifted by US President Donald Trump’s insinuations about trade talk improvements with China but may be anchored by Canadian lumber tariffs. Participants are anticipating more market direction in the release of the forthcoming US PMI figure, the Canadian Retail Sales, and the address of BoC Governor Tiff Macklem. KEY LOOKOUTS • Higher-than-anticipated jobless claims at 219,000 would have a dampening effect on the US Dollar, affecting USD/CAD moves amidst contrasting Federal Reserve policy cues. • Soaring inflation in Canada would compell the BoC to postpone rate cuts, affecting the Canadian Dollar and pushing USD/CAD volatility. • The US S&P Global PMI data due soon will give us a read on economic activity, influencing Fed policy expectations and affecting the USD/CAD pair. • Fresh US tariffs on Canadian wood might weigh on the CAD, escalating economic uncertainty and further pressuring USD/CAD moves in the near term. USD/CAD continues to be under the radar as market players await significant economic reports and policy moves from the US and Canada. Higher-than-projected US jobless claims have pressured the US Dollar, with mixed Federal Reserve signals compounding market uncertainty. In Canada, ongoing inflation could compel the Bank of Canada to hold off on rate cuts, offering potential support for the Canadian Dollar. Meanwhile, the publication of US PMI data will provide new information about economic activity and impact market sentiment. Furthermore, the effect of new US tariffs on Canadian lumber could put pressure on the CAD, introducing another element of volatility into the USD/CAD pair. USD/CAD holds firm as investors weigh US jobless claims, Federal Reserve cues, and Bank of Canada policy forecasts. US PMI and Canadian Retail Sales will offer major market guidance. In the meantime, fresh US tariffs on Canadian lumber might push the CAD lower, boosting volatility. • The currency pair holds firm against recent losses, with investors looking at economic data and policy news from the US and Canada. • Weekly claims increased to 219,000, higher than the expected 215,000, putting pressure on the US Dollar with worries over labor market stability. • Fed officials mention inflation threats and possible stagflation, keeping markets in doubt over future interest rate moves and how they will affect the USD. • Higher Canadian inflation could encourage the BoC to hold off on rate cuts, potentially to support the Canadian Dollar versus the US Dollar. • The S&P Global PMI reading will give insight into US economic activity and affect sentiment towards the USD. • The announcement of additional tariffs on Canadian lumber by President Trump can pressure the CAD due to Canada being a significant exporter. • Retail Sales data and BoC Governor Tiff Macklem’s speech are being followed closely by traders for additional policy cues that will affect USD/CAD action. The USD/CAD currency pair is still in focus for traders due to economic signals from the US and Canada dictating market moods. The US has released the latest report on jobless claims, where higher-than-projected filings indicate possible changes in the labor environment. Discussions around inflation and money policy persist with Federal Reserve members citing worries regarding meeting the 2% inflation rate. On the Canadian side, inflation is still high, fueling speculation that the Bank of Canada will postpone its expected rate reductions. This move could have a profound impact on businesses and consumers, influencing economic expectations for the next few months. USD/CAD Daily Price Chart TradingView Prepared by ELLYANA Also, global trade updates bring an added dimension of interest to the USD/CAD forecast. US President Donald Trump’s revelation of new tariffs on Canadian timber may impact Canada’s export economy, causing alarm about trade relations and economic stability. Meanwhile, market players are eagerly awaiting Canada’s Retail Sales report and Bank of Canada Governor Tiff Macklem’s speech to learn more about the country’s economic condition. These forces, coupled with more general economic trends, will continue to influence the economic narrative for both nations. TECHNICAL ANALYSIS USD/CAD continues to consolidate above the 1.4150 handle following previous declines, signifying a period of market indecision. The pair is met with near-term resistance at 1.4200, a breakout above which may portend additional upside momentum. On the negative side, the major support level is still 1.4120, and a breakdown below could lead to further decline. The 50-day moving average is also serving as dynamic support, and RSI is close to the neutral level, indicating neither overbought nor oversold levels. Traders will be closely monitoring price action for confirmation of the next move, particularly with the release of economic data soon. FORECAST If USD/CAD can break above the 1.4200 resistance level, then it may signal further upward movement. Strong US economic data, especially robust PMI readings, may support the US Dollar, pushing the pair upwards. If the Bank of Canada also gives a hint that it will proceed with caution regarding rate cuts given the ongoing inflation, the Canadian Dollar may dip, further fueling USD/CAD. Any fresh global uncertainty or risk-off mood could also propel the USD as a safe-haven currency, taking the pair to the next resistance level around 1.4250-1.4300. On the bearish side, if USD/CAD is unable to hold above the support level of 1.4150, it may experience more selling pressure. Poorer US economic news, such as weak PMI numbers or higher jobless claims, could bear down on the US Dollar, causing the pair to fall. In addition, if the Bank of Canada becomes more hawkish or conveys optimism over Canada’s economic strength, the Canadian Dollar will likely get stronger, and USD/CAD will be headed for the next levels of support at 1.4120 and 1.4080. Any uptick in Canada’s Retail Sales will also drive CAD strength and heighten the probability of further

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Currencies GBP/USD

Pound Sterling Appreciates on Market Sentiment: GBP/USD Tests Critical Resistance as Investors Look to Economic Releases

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  • February 20, 2025
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The Pound Sterling (GBP) has appreciated against the US Dollar (USD), trading at 1.2615 as market sentiment continues to improve. Investor sentiment has improved after President Trump’s moderated approach to tariffs and continued talks of a possible Russia-Ukraine ceasefire. Yet, doubts persist regarding the Federal Reserve’s monetary policy, as the most recent FOMC minutes emphasize ongoing inflation threats from possible tariff effects. The economic outlook for the UK is also uncertain, with Bank of England (BoE) Governor Andrew Bailey indicating weak growth and labor market deceleration. The British pound is capped at 1.2620, with future UK Retail Sales and S&P Global PMI figures set to dictate further price movements. KEY LOOKOUTS • Investors look forward to January’s retail sales report, which will give them an idea of consumer spending patterns and the general health of the UK economy. • The initial UK and US PMI readings for February will reflect economic activity patterns and may determine the short-term direction of the Pound Sterling. • FOMC minutes indicate sustained high interest rates based on inflation threats, which could maintain the US Dollar strong against the Pound Sterling. • The 1.2620 level of resistance and 1.2250 support zone are very important in specifying the next possible breakout or correction in the currency pair. The Pound Sterling’s shift against the US Dollar is dependent on several significant determinants, such as future UK Retail Sales figures and S&P Global PMI reports, due to release and offering new economic activity and consumer confidence insights. As for its counterpart, the Federal Reserve’s recent conservative position regarding interest rates, reflected in the most recent FOMC minutes, emphasizes inflationary pressures fueled by possible US tariff measures. This could keep the US Dollar strong, limiting GBP/USD upside potential. On the technical front, the pair faces resistance at 1.2620, aligned with the 100-day EMA, while key support rests at 1.2250. Market sentiment remains a key driver, with geopolitical developments and risk appetite influencing short-term trends. The Pound Sterling’s action against the US Dollar continues to be guided by UK Retail Sales figures, PMI data, and the Federal Reserve’s interest rate stance. With 1.2620 acting as resistance and 1.2250 as support, geopolitical concerns and market sentiment will dictate the direction of the currency pair. • GBP/USD is trading at 1.2615 as market sentiment picks up pace, boosted by diminishing fears about Trump’s tariff policies and optimism in geopolitics. • Investors look forward to January’s retail sales figures, which will give an indication of consumer expenditure and possible economic recovery. • The UK and US February preliminary PMI figures will be instrumental in determining business activity and economic resilience. • The FOMC minutes indicate sustained high interest rates as a result of inflation fears, which may favor the US Dollar. • UK CPI increased more than expected, but the BoE is still hesitant to cut rates further due to economic weakness. • GBP/USD is resisted at 1.2620 and major support at 1.2250, where it will make its next move. • Market sentiment is influenced by news regarding Trump’s trade policies and continued Russia-Ukraine peace talks. The movement of the Pound Sterling is now being dictated by wider economic and geopolitical events. Investors are following UK Retail Sales figures and S&P Global PMI closely, which will paint a clearer picture of economic activity and consumer confidence. A better-than-anticipated retail performance will indicate strength in the UK economy, while PMI figures will reveal business conditions in the UK and US. Also, recent inflation data have indicated a short-term spike, and as a result, the Bank of England has kept monetary policy tight. Governor Andrew Bailey has already cautioned that growth could be slow, and any additional policy moves will be based on new data. GBP/USD Daily Price Chart TradingView Prepared by ELLYANA On the international front, market sentiment has been better because of a more cautious approach by President Trump on trade policies. Although early fears about tariffs on Chinese imports and other major sectors caused volatility, Trump’s recent statements on a potential trade deal with China have calmed fears. But uncertainty persists as there is no clear plan on tariff implementation. While meanwhile, talks on a possible Russia-Ukraine ceasefire have also fostered a risk-positive sentiment, though Ukraine dismissed any agreement in the absence of its direct participation. As conditions in the world economy and politics change, investors will be careful, keeping an eye on critical events that would affect market stability. TECHNICAL ANALYSIS GBP/USD currency pair is fighting to sustain above the 1.2600 level, and resistance is situated at 1.2620, which is coinciding with the 100-day Exponential Moving Average (EMA). The duo is now oscillating around the 38.2% Fibonacci retracement point, calculated from the September-end high to the January-middle low, which represents a key area for possible breakout or pullback. The 14-day Relative Strength Index (RSI) is barely managing to stay above 60.00, and if it fails to hold above this level, it could signal weakening bullish momentum. On the negative side, major support is at 1.2250, and a fall below this level may initiate further selling pressure. To have a stronger uptrend, GBP/USD must break above the 50% Fibonacci retracement at 1.2767, which would signal a continuation of bullish sentiment. FORECAST The potential for the upside in GBP/USD relies on better market sentiment and major economic data releases. If UK Retail Sales for January and February S&P Global PMI reports surpass predictions, this is likely to be a confidence booster for the UK economy, driving the Pound upward. Favorable change in Brexit developments or better-than-forecasted employment statistics are additional strengths for the currency. Furthermore, if the Federal Reserve is hinting at a softer approach towards interest rates in light of slowing inflation, the US Dollar might depreciate, leaving GBP/USD more space to move upwards. Breaking above the resistance level of 1.2620 might signal more upward gains towards the 1.2767 area, suggesting positive momentum. On the negative, any indication of economic weakness within the UK, for example poor retail sales or a fall

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AUD/USD Currencies

AUD/USD Price Outlook: Bulls Target 0.6400 as Market Holds Breath for FOMC Minutes

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  • February 19, 2025
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The AUD/USD exchange rate is stable at a two-month high, trading above the mid-0.6300s, supported by a minor US Dollar weakening and the hawkish bias from the Reserve Bank of Australia (RBA). The technical landscape is bullish, with favorable momentum indicators pointing towards further gains. A move above 0.6400 would propel the pair to 0.6500 and higher, with the next level of support at 0.6330-0.6335. A continued fall below 0.6300 could leave AUD/USD vulnerable to more losses towards the 0.6200 area. Traders are now waiting for the FOMC minutes for new indications on US monetary policy, which may determine the next direction. KEY LOOKOUTS • A confident breakout above 0.6400 may add to gains towards 0.6500, aided by strong technical signals and optimistic sentiment. • This area continues to be an essential buying point, but a fall below 0.6300 may initiate a more severe correction to 0.6200. • USD volatility may be sparked by the release of FOMC minutes and could steer AUD/USD short-term direction based on interest rate projections. • The Reserve Bank of Australia’s inflation and monetary policy position might lend further support to AUD, maintaining the pair in a bullish trend. The AUD/USD currency pair remains in favor with investors as it trades just off a two-month high due to a softer US Dollar and the Reserve Bank of Australia’s hawkish bias. With optimism in tow, the pair continues in a bullish consolidation mode, which points to further upside if it can break above the 0.6400 resistance level. Market sentiment is closely watching the FOMC minutes coming out soon, which may pump new volatility into the USD and determine AUD/USD’s next direction. Meanwhile, support at key levels of 0.6330-0.6300 continues to be the level to watch, with a breakdown below this area potentially triggering a more substantial correction. The AUD/USD currency pair is strong close to a two-month high on the back of a softer US Dollar and a hawkish RBA outlook. A breakout above 0.6400 can propel further upside, while break-even support at 0.6330-0.6300 remains pivotal for bullish enthusiasm. Market players now expect the FOMC minutes for new directions in USD. • The pair is stable on the back of a softer USD and a hawkish Reserve Bank of Australia (RBA) policy. • Sellers look for volatility as the Federal Reserve policy backdrop may affect the USD and guide AUD/USD direction. • Bullish sentiment favors additional advances, with resistance at 0.6400 and upside potential to 0.6500. • The 0.6330-0.6300 area is robust support, with a breakdown raising the prospect of 0.6200 or lower. • Australia’s trade-based economy exposes AUD/USD to global demand and movements in commodity markets. • Equity market shifts and appetite for risk assets influence the AUD/USD trends. • Trade relationships, inflation readings, and economic growth factors remain significant in influencing the currency pair’s movement in the future. The AUD/USD pair is still in focus as investors turn their eyes to major economic events and policy perspectives. The Reserve Bank of Australia’s relatively hawkish stance has supported faith in the Australian Dollar, with markets expecting a consistent approach to monetary policy. Global economic trends, such as changes in inflation and employment trends, are meanwhile having a notable influence on market sentiment. The policy guidance of the US Federal Reserve is still a key driver, with market participants closely monitoring for hints on prospective rate changes that will affect currency flows. AUD/USD Daily Price Chart TradingView Prepared by ELLYANA Apart from central bank policies, more general economic metrics like trade relationships, commodity prices, and overall market risk appetite drive AUD/USD action. Australia’s high trade connection with China and its export-based economy tend to render the currency sensitive to international demand and geopolitical events. Further, investor attitudes toward risk assets also remain active, as moves in equity markets and commodity cycles influence currency positioning. With all this in motion, traders keep a keen eye on macroeconomic trends that will form the direction of AUD/USD’s future. TECHNICAL ANALYSIS AUD/USD is bullish, with the pair trading close to a two-month high and in a bullish consolidation mode. Favorable momentum indicators, such as oscillators on the daily chart, indicate that the trend of least resistance is to the higher side. A breakout above 0.6400 could open the doors for further upside, possibly to the 0.6500 psychological level. On the bearish side, important support is at 0.6330-0.6300, where buyers are expected to emerge. A prolonged dip below this level might portend a deeper correction, with additional support at 0.6200. Traders will be keen on price action, especially in reaction to macroeconomic developments and policy signals. FORECAST AUD/USD pair is set for additional upside as it is underpinned by a constructive market structure. A breakthrough above the 0.6400 resistance might propel additional gains, taking the pair towards the 0.6500 psychological level. If the momentum persists, the next significant target will be at 0.6555-0.6560, where the 200-day Simple Moving Average (SMA) and a major resistance area coincide. Bullish oscillators on the daily chart indicate that the buyers are in charge, and any pullbacks could be used as a buying opportunity. A continued rally can further reinforce the bullish mood, keeping AUD/USD on a rising path. On the negative side, major support is at 0.6330-0.6300, and a breakdown below this area may initiate a more severe correction. If bearish pressure mounts, the pair can fall to 0.6265, followed by the 0.6240-0.6235 area. A fall below 0.6200 would signal a change in sentiment, and AUD/USD would be susceptible to a fall to the 0.6145 area, which was a crucial support level in recent trading sessions. Traders need to be careful because volatility can pick up, particularly around significant economic releases and central bank announcements.

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