USD/CAD remains supported near 1.3700 as the USD shows persistent strength amid mixed fundamentals. U.S. data signals resilient inflation and labor markets, keeping Fed policy tight, while Canada grapples with stable oil prices and cautious BoC guidance. Technically, momentum favors further gains but watch resistance near 1.3843 for clues on continuation or consolidation.
AUD/USD Weekly Analysis and Forecast: After a volatile week marked by consolidation and downward pressure, the pair struggles to break resistance near 0.6700 amid weak Chinese and Australian data and firm US retail sales. Key support stands at 0.6550 with critical floors near 0.6464. Technicals show a neutral RSI and modestly bearish MACD, suggesting bearish bias persists. Traders should watch for a sustained break above 0.6713 to confirm any bullish reversal. Stay tuned for further updates blending insights from ActionForex and leading forex analysts.
As we enter October 6–10, 2025, DXY faces key resistance near 107.30–107.70, risking a pullback if bearish signals confirm. EURUSD tests long-term support around 1.0430–1.0450, with possible relief rallies if holds, but a break points to 1.0250. GBPUSD’s range remains tight, eyeing 1.2200 resistance and 1.2000 support. Gold (XAUUSD) consolidates near $1,950 amid mixed drivers; a push above $1,980 could signal bullish momentum. Stay alert for price action signals across these markets this week.
—Adapted from Justin Bennett, Daily Price Action
EUR/USD holds a modest bid near 1.0660 amid increased US government shutdown concerns and mixed PMI data from both the Eurozone and the US. The dollar faces pressure as softer economic indicators and political risks weigh on market sentiment, limiting upside for the euro while capping dollar strength. Traders remain cautious navigating these complex drivers. Read more from Christian Borjon Valencia at FXStreet.
USD/JPY sustained strong bullish momentum last week, climbing to 157.70 before entering consolidation amid overbought signals. Technicals suggest the uptrend remains intact above 155.72 support, targeting medium-term Fibonacci resistance near 162.08. Watch for a potential short-term pullback as momentum indicators cool. Fundamental factors like hawkish Fed policy and rising US yields continue to underpin dollar strength. Full detailed analysis inspired by ActionForex.com staff insights.
USD/CAD Weekly Outlook: June 3-7, 2024
After a bearish pullback last week holding above key medium-term supports, USD/CAD faces mixed signals. The U.S. dollar remains firm amid sticky inflation and hawkish Fed tones, while the Canadian economy shows softness with subdued GDP growth and BoC dovish hints. Technically, the pair trades within an ascending channel near 1.3625, with short-term momentum waning but the medium-term trend intact. Watch critical supports at 1.3580 and 1.3455 for potential tests, while resistance at 1.3705 must be cleared to resume upside. Upcoming U.S. jobs data could be a key catalyst. Stay alert for shifts around these levels.
Original analysis by ActionForex.com
AUD/USD remains in a consolidative phase, trading between key support near 0.6570 and resistance around 0.6700. Technical signals show neutral to bearish momentum as price struggles to break above the 0.6700 zone. Watch the 55-day EMA near 0.6600 for support; a drop below this could open the way to 0.6510. On the upside, sustained moves above 0.6720 would be needed to shift sentiment bullish. Market direction will hinge on US monetary policy and Australian economic data in the coming week.
Weekly Forex Forecast (Oct 6-10, 2025) by Justin Bennett, Daily Price Action:
• DXY shows strong bullish momentum, consolidating above 106.30; watch resistance at 107.25 and 107.90. A drop below 106.30 risks a correction toward 105.60.
• EURUSD remains pressured below 1.0680, testing channel support near 1.0530. A break lower targets 1.0500–1.0480, while a bounce could reach 1.0680 resistance.
• GBPUSD continues downside move beneath 1.2100 amid cautious BOE signals, key support at 1.2000. Resistance lies near 1.2200.
• XAUUSD (Gold) holds above key support at $1940, eyeing resistance at $1975; watch inflation data and dollar strength for direction.
Focus on technical patterns and fundamentals for opportunities this week.
EUR/USD is forecasted to trade between 1.1675 and 1.1790 amid cautious central bank policies and mixed economic data from the eurozone and US. Market focus remains on inflation trends and interest rate signals shaping near-term currency movements. By Currency News UK
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