EUR/USD faces intense pressure as it struggles to break key resistance near 1.0900 amid a bearish technical setup and strong dollar supported by Fed’s higher-for-longer stance. Weak eurozone data and dovish ECB signals add to downside risks. Original article by TheTradable News Team
Key Forex pairs to watch Aug 31 – Sept 5, 2025: EUR/USD eyes resistance near 1.1000–1.1020 with bullish SMAs but RSI nearing overbought; GBP/USD volatile ahead of UK data, support holds at 1.2600; USD/JPY shows signs of correction below 147.00 amid dollar weakness. Trade carefully. More analysis: dailyforex.com
USDCAD extends its three-day rally as rising US Treasury yields and strong US labor market data reinforce the Fed’s hawkish outlook. Meanwhile, softer Canadian GDP and a dovish Bank of Canada keep the loonie under pressure despite stable oil prices. Traders eye key support and resistance levels as monetary policy divergence drives currency moves.
AUD/USD is nearing January’s highs as markets await the Reserve Bank of Australia’s upcoming rate decision. The pair’s bullish momentum remains intact, supported by Australia’s resilient economy and firm commodity prices. A break above 0.67 could open the way to further gains, but traders will watch closely for policy signals from the RBA.
GBP/USD remains rangebound heading into the week of Aug 31–Sep 5 amid mixed UK data and Fed uncertainty. Watch UK Manufacturing PMI and US Non-Farm Payrolls for key market moves. Technicals show support near 1.2670 and resistance at 1.2890. A breakout either way could set the tone for September’s trading.
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The U.S. dollar retreated after the latest PCE Price Index showed easing inflation pressures, signaling a possible pivot in Fed policy. This shift boosted EUR/USD and GBP/USD, pressured USD/CAD, and softened USD/JPY. Market eyes remain on upcoming U.S. and Eurozone data to gauge the dollar’s next moves.
USD/JPY remains volatile as traders weigh Fed’s uncertain rate cuts against BoJ’s cautious policy normalization. With Japan’s inflation and wage growth in focus, the Yen battles to regain strength amid diverging central bank signals. Key levels: 151.00-160.00. #Forex #USDJPY
USD/CAD extends its three-day rally, fueled by robust US economic data and rising Treasury yields, while weaker oil prices weigh on the Canadian dollar. Market watchers now eye upcoming macro releases and energy trends for clues on the next move in the pair.
AUD/USD eyes the January high near 0.6625 as traders position ahead of the RBA rate decision. Soft US data and stabilizing China metrics support the Aussie’s recent climb. Breaking resistance could pave the way for gains toward last year’s highs. Key levels and risk sentiment will be critical in the sessions ahead.
