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📈 Forex Market Analysis – May 16, 2025
Forex Crunch
In this video, we provide an in-depth analysis of the major USD currency pairs: EUR/USD, GBP/USD, AUD/USD, and NZD/USD.
EUR/USD Analysis:
Current Price: Approximately 1.1200
Technical Outlook: The pair continues to move sideways around 1.1200, indicating a lack of directional momentum. Traders are awaiting the University of Michigan’s Consumer Sentiment Index data for May, which could influence the next breakout direction.
DailyForex
FXStreet
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FXStreet
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GBP/USD Analysis:
Current Price: Slightly below 1.3300
Technical Outlook: The pair trades slightly below 1.3300, with the technical outlook pointing to a lack of buyer interest in the near term. Soft US data is weighing on the dollar, but the pound finds it difficult to build on Thursday’s gains.
FXStreet
AUD/USD Analysis:
Current Price: Testing the 0.6400 level
Technical Outlook: The pair added to recent losses, putting the 0.6400 level to the test. Despite a solid jobs report in Australia, the Aussie struggles for direction amid global growth concerns and mixed US data.
FXStreet
NZD/USD Analysis:
Current Price: Around 0.5890
Technical Outlook: The pair inches higher to near 0.5900 following the release of the Reserve Bank of New Zealand’s Q2 Inflation Expectations, which rose to 2.29%. However, the pair faces resistance near 0.5985, with potential for a price drop towards 0.5785 if the resistance holds.
DailyForex
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FXStreet
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Gov Capital
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💬 Join the Discussion: How are you positioning yourself in these major USD pairs? Share your strategies and insights in the comments below!
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