Buyers are gaining momentum in EUR/USD but key resistance near 1.0600 remains firm. Technical signals point to a battle between bulls and bears as traders watch for a breakout or a pullback. Full analysis by Adam Lemon on InvestingLive.com.
https://investinglive.com/technical-analysis/eurusd-technicals-eurusd-buyers-are-making-a-play-but-there-has-been-a-limit-so-far-20251003/
USD/JPY sustained bullish momentum last week, rebounding above the 20-day MA and hitting 157.70 resistance. Key supports stand at 153.59 and 151.86, with potential upside toward 160.00 and 161.80. Technicals and macro fundamentals, including Fed’s hawkish stance vs. BOJ’s dovish policy, favor continued USD strength. Traders should watch for a MACD signal of short-term consolidation ahead. Full analysis: ActionForex.com
USD/CAD posted a mostly sideways weekly range below key resistance near 1.3760. Technical indicators suggest consolidation with a slight bullish bias, while fundamentals reflect mixed US data and stable oil prices supporting CAD. Watch for breaks of 1.3761 resistance or 1.3486 support to gauge next directional sway. Upcoming US and Canadian economic releases will be critical drivers. (Source: Action Forex)
AUD/USD faced pressure last week amid hawkish Fed signals, mixed Australian data, and fragile risk sentiment. Technically, the pair remains in a consolidation phase with resistance near 0.6700-0.6750 and support around 0.6580. A decisive break could shape near-term direction. — Original analysis credit: ActionForex.com
GBP/USD remains range-bound this week, consolidating between support at 1.2583 and resistance near 1.2816. A break above resistance could target 1.2892 and 1.3141, signaling bullish momentum. Conversely, a drop below 1.2583 risks deeper declines toward 1.2442 and 1.2306. Market watchers await clearer directional cues amid muted technical momentum.
— Based on original analysis by ActionForex.com
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USD/JPY Weekly Outlook: The pair rebounded strongly, holding above key EMAs and trendlines. Watch the critical resistance at 155.20 — a decisive break could push USD/JPY toward 160.00 amid Fed-Japan policy divergence. Support lies near 151.85; a drop below may signal a bearish correction. #Forex #USDJPY #TradingAnalysis
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.
