(US30) DAX fails to recapture recent high
The (US30) DAX steadies as traders await more news of a jump in tech stocks. A close above the daily resistance of 44600 would help bulls regain control of the direction. A confirmation past this level would lead to the index gearing up for another attempt at a record high. The recent dip at 44300 is the first level of support, and 43500 is the bulls’ second line of defence.
EURUSD sees limited pullback
The euro continues to retreat after failing to break back above the recent high, which saw prices push above the 1.1800 level. The pair is grinding the support zone at 1.1700 as the RSI bounces away from the oversold region. Any resistance here would send the euro to 1.1660 over the rising trend line, where follow-up interest could be expected. A successful bounce and a close above 1.1840 would commit more buyers in the market and push the pair towards 1.1900.
NZDUSD tests key support area
The New Zealand dollar attempts to turn things around after falling over 100 pips in recent sessions. The price was falling towards the previous swing low, below 0.6000, which, if broken, would open another 100-pip drop. Still, the recent bounce could be a sign of some bullish pressure building up since the market open. A decisive break above 0.6080 would force the remaining sellers out and open the door to a test at the previous swing high of 0.6120.
Test your trading strategy on forex and stocks with Orbex
The post Intraday Analysis 09.07.2025 appeared first on Orbex Forex Trading Blog.