AUD/USD bearish momentum is gaining strength as key supports at 0.6600 and 0.6570 break down. Technical indicators, including moving averages and momentum oscillators, point to further downside toward 0.6520 and potentially 0.6460. Watch resistance near 0.6600–0.6650 for any recovery attempts.
Forex Mid-Week Outlook (July 30, 2025):
DXY consolidates near 104.00 support; a clear break above 105.60 could push it toward 106.90, while a drop below 104.00 may test 103.00.
EUR/USD holds around 1.0800; topping out near 1.0940 or dropping below 1.0700 will guide the next leg.
GBP/USD and XAU/USD remain sensitive to Fed signals and risk sentiment—watch for decisive moves as week unfolds.
Credit: Justin Bennett, Daily Price Action
Berenberg Bank forecasts the euro to strengthen against the US dollar, reaching 1.22 by the end of 2026. This outlook reflects expected interest rate convergence, a slowing US economy, and improved eurozone resilience, according to Matt Vore at ExchangeRates.org.uk.
USD/JPY is currently in a corrective consolidation phase after peaking near 151.89. Mid-day technicals show slight bearish momentum, with key supports at 147.27 and 146.47 critical to watch. A break above 149.99 could resume the broader uptrend. Traders should monitor RSI, MACD, and moving averages for clues on the next directional move. Full analysis at ActionForex.com.
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Credit: MoneyMaker Learning on YouTube (https://www.youtube.com/watch?v=sufYOY2ESTM)
AUD/USD slips to fresh July lows as markets brace for the US Federal Reserve policy decision. With the Fed expected to hold rates steady but maintain a “higher for longer” stance, US dollar strength is weighing on the pair. Australian data shows mixed signals—easing inflation but a softer labor market—while persistent RBA dovishness limits AUD support. Watch key technical levels near 0.6640; an extension lower could open the door to 0.6570. Fed communication and surprises in upcoming data remain critical catalysts for near-term direction.
The US Dollar remains rangebound near 105.00 as traders await key Federal Reserve guidance and economic data releases. Mixed inflation and labor reports, along with cautious central bank signals globally, are creating a pause in directional momentum. Market focus stays on Fed policy shifts, with rate cut expectations by year-end shaping near-term forex outlook. Technical indicators suggest a potential breakout pending fresh catalysts.
EUR/USD extends its downward momentum amid bearish technical signals. The pair trades below key moving averages, forming lower highs and lows, with momentum indicators supporting further downside. Watch support at 1.0650 – a break could open the path to 1.0600 and 1.0500. Bulls struggle to reclaim resistance near 1.0730, reinforcing the prevailing downtrend. #Forex #EURUSD
USD/JPY edges lower ahead of the Fed’s interest rate decision this week. With no expected rate change but an eye on inflation data and economic resilience, markets await Fed guidance on future cuts. Meanwhile, BoJ’s cautious stance adds complexity to the pair’s outlook. #Forex #USDJPY #FedDecision
USD/CAD climbs as stronger-than-expected U.S. GDP growth boosts the dollar, while the Bank of Canada holds rates steady at 5.00%. Divergent monetary policies and a softer Canadian economic outlook continue to pressure the Canadian dollar. Market focus now shifts to upcoming central bank decisions and economic data.
Based on original reporting by EconoTimes
