Recently analyzing the technical trend of the US dollar, I found that the key level of 98.0 is indeed in fierce contention. As the US-Iran situation changes, market focus is shifting to economic data and central bank policies, which have a significant impact on major currency pairs.



The performance of EUR/USD these days is quite interesting. After rising for eight consecutive days, a short-term correction is indeed needed. Two days ago, the euro briefly surged to 1.1823, breaking through 1.1800, but the gains then narrowed. I think if the euro can hold steady above 1.1800, the rebound might challenge 1.2000 or even 1.2200. But if it effectively breaks below 1.1700, the upward trend will reverse. From a technical perspective, the current support levels for the euro are at 1.1740, 1.1680, and 1.1600.

AUD/USD recently hit a nearly four-year high, reaching 0.7197, just shy of 0.7200. This upward momentum seems to continue, possibly extending into mid-May. If it breaks through 0.7200, it may surge toward 0.7300 or even 0.7500.

Gold is also gaining momentum, having broken through $4,800, seemingly heading toward the psychological level of $5,000. From the low of $4,098 at the end of March to now, the overall trend remains upward. If it can stabilize above 4,800, there is potential to reach 5,000 or even 5,200.

The latest Bitcoin price is around 77.53K. Notably, Bitcoin has broken through the daily chart's downtrend line, which suggests that the previous downward trend may have reversed. In the short term, the probability of a rebound challenging the 80k level is quite high. If it can break through 80k, it may continue toward 85k.
EURUSD0.14%
PAXG-0.18%
BTC-1.21%
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