Intraday Analysis - Tuesday, Dec. 30
USDCHF struggles for direction
(Click on image to enlarge)
The US dollar took a step back as we move towards the final days of 2025. A move above the daily resistance at 0.7850 has halted the bearish momentum that has persisted for most of December. A brief consolidation has now lifted offers towards 0.7900, and 0.7960 at the previous swing high is the next level to see whether the bulls will stay in the game. On the downside, the level of 0.7840 at the latest bounce is a firm support to hold on to.
AUDUSD continues the uptrend
(Click on image to enlarge)
The Australian dollar inched higher as the greenback struggles to regain its composure. On the chart, the pair continues to grind higher, and a higher high above 0.6700 indicates intense buying pressure despite grinding a supply zone. The next target at 0.6740 could be the bears’ last stronghold, and its breach could pave the way for an extension towards 0.6800. On the downside, 0.6680 is the immediate support and an important floor to maintain the bullish bias.
GER 40 (DAX) hits key resistance
(Click on image to enlarge)
The GER 40 (DAX) remains consolidated after hitting another fresh peak. The recent bull run has sent the index above the 24400 level. A breakout could clear the path for a rise to another all-time high and reinforce the expectation of a bullish continuation. In the near term, however, the RSI’s repeatedly overbought stance could prompt buyers to take some profits off the table, and 24000 would be a critical support in the event of a retracement.
More By This Author:
Why Forex Is Increasingly Affected By Government SpendingIntraday Analysis - Monday, Dec. 29
How To Trade The 2025 Holiday Season
Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number ...
more


