technical

Silver rallied toward the $54 level on Wednesday, but declining volume and thin holiday trading raise doubts about the move’s conviction, with $55 and $50 as key technical levels.

USD/JPY drifted slightly higher on Wednesday as holiday-thinned trading dampened conviction, with 154 support and 158 resistance defining the near-term outlook amid persistent rate differentials.

EUR/USD holds steady at around 1.1600 in the European session on Thursday after closing in positive territory on Wednesday.

The GBP/USD pair climbs to a four-week top on Thursday, though the intraday positive move falters near the 1.3265-1.3270 area during the early European session.

BTC/USD broke above the $90,000 resistance as oversold conditions and Fed rate cut optimism fueled a bullish reversal, with $95,000 in sight.

AUD/USD rebounded on strong Australian inflation data, reducing RBA rate cut expectations, though technical resistance near 0.6600 may cap further gains.