( UK100 )FTSE grinding higher
The ( UK100 )FTSE continued its comeback as progressive bullish waves moved towards 9300. A close above 9175 is another milestone in the week long rebound, signalling an intense lingering bullish pressure despite a correction at the end of last month. 9250 is the next hurdle. However, a potential bearish RSI divergence could indicate a slowdown in the upward momentum, and buyers could use some breathing room to consolidate their gains. 9150 is the closest support in case of a pullback.
AUDUSD struggles to bounce
The Australian dollar experienced a downward spike as prices fell away from the recent peak. After the pair hit 0.6560, some profit-taking has emerged to drag prices lower. However, the medium-term outlook remains positive if a foothold can be secured. 0.6480 at the base of a previous breakout is a critical floor, should price action start to slide. The brief swing high of 0.6550 is a key level of resistance, and its breach could open the door to a broader extension.
USDCHF probes resistance
The US dollar continues to dominate its rivals as an overbought RSI has helped the price stabilise by prompting sellers to take some chips off the table. The pair has built a base over 0.8000 to sustain the current bounce. As overall sentiment remains upbeat, bulls could look to buy into strength starting with 0.8150 as a fresh resistance. On the downside, a bearish breakout would extend losses towards the previous swing low at 0.7950.
Test your trading strategy on forex and stocks with Orbex
The post Intraday Analysis 05.09.2025 appeared first on Orbex Forex Trading Blog.