The U.S. dollar slid amid a shift toward riskier assets, pulling traders away from safe havens. Treasury yields eased and global equities rallied, weakening the dollar’s appeal. Meanwhile, the yen gained as Japan hinted at possible intervention and the British pound rebounded after overselling. Market focus remains on central bank signals and economic data shaping currency moves.
USD/JPY aims for a higher low as bullish momentum builds, supported by solid technical indicators and key support at 148.00. RSI and MACD confirm strength, while critical resistance zones at 149.70 and 150.30 await. Market watchers anticipate another upward leg ahead. #Forex #USDJPY
USD/CAD slips below 1.3950 after retreating from recent four-month highs around 1.3980. The pullback comes amid softer US economic data, declining Treasury yields, and rising speculation of Fed rate cuts. Meanwhile, the Canadian dollar edges up despite domestic slowdown concerns. Traders watch key resistance at 1.3950 and support near 1.3900. #Forex #USDCAD
AUD/USD pulls back to key resistance near 0.6700 ahead of this week’s RBA policy announcement and US labor market data. Traders await fresh signals as volatility and uncertainty remain elevated, with a break above resistance likely key to near-term direction. Stay tuned. #Forex #AUDUSD #RBA #USD
GBP/USD is eyeing a move back above its 100-day moving average after recent weakness. With key UK and US data releases this week—ranging from unemployment and wage growth to inflation and retail sales—traders await fresh signals on central bank policies to determine the next directional push.
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Weekly Forex Forecast: EUR/USD, NZD/USD, USD/CAD, SPX500 by Justin Bennett on ForexFactory offers key technical levels and market insights to watch this week. EUR/USD eyes breakout near 1.0780 resistance, while NZD/USD faces bearish risks after breaking trendline support around 0.6050. USD/CAD hovers near 1.3600, awaiting oil price cues. SPX500 shows potential for retracement amid earnings season. Traders should monitor these critical zones for entry and risk management. Full analysis available on ForexFactory.
USD/JPY shows signs of forming a higher low amid ongoing bullish momentum. Key support near 147.50 EMA holds, suggesting potential resumption toward 149.20 and beyond. Technicals and central bank policies favor continuation of uptrend—watch for breakout confirmation above 149.20. Detailed analysis: economies.com/forex/usd-jpy-analysis
USD/CAD retreats below 1.3950 after hitting a four-month high as market sentiment shifts. The U.S. dollar’s momentum eases amid mixed economic signals and cautious Bank of Canada stance. Traders watch inflation data, central bank cues, and energy prices for next moves.
The Australian dollar gains support as the RBA pauses after aggressive rate hikes, signaling confidence amid moderating inflation and steady employment. Meanwhile, US political risks, including looming government shutdown fears, dampen confidence in the greenback. This dynamic sets the stage for AUD/USD volatility and potential upside in the near term.
