USDCHF finds support
The US dollar attempts to claw back some losses after the November sell-off came to a halt. The pair is in search of buyers after treading water at the mid-0.7900 area. 0.7880 at the base of the latest bullish breakout is critical to see if buyers are still committed. Otherwise, a deeper correction could push the greenback below 0.7800. On the upside, the psychological level at 0.8000 is a key level to clear to turn the short-term mood around and resume the climb.
XAUUSD testing $4,000
Gold kept in the game after avoiding a move below the psychological level of 4000. The price has so far found a foothold at 4050, following last week’s sell-off, as a bullish RSI divergence indicates that bulls remain in the game. 4100 is the resistance that needs to be cleared to interrupt the bearish drive and lay the foundation for a sustained recovery, with 4040 being the all-important support in case of a pullback.
FTSE (UK100) beings consolidating
The FTSE (UK100) is testing a firm support to prevent any further sell-off on the index. After dropping a few hundred points, a continuous bearish breakout would put pressure on the remaining bulls. A break below 9600 could lead to a potential bearish continuation towards 9520. In the meantime, the RSI’s oversold condition could cause a retracement towards 9760, should intraday sellers start to take some chips off the table.
Trading the forex market requires extensive research, and that’s what we do best.
The post Intraday Analysis 18.11.2025 appeared first on Orbex Forex Trading Blog.