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AUD/USD

AUD/USD Weekly Outlook: Bearish Signals Persist as US Dollar Resurgence Pressures Ranges

AUD/USD ended last week in a tug-of-war between bulls and bears, failing to break above key resistance near 0.6713 while holding short-term support around 0.6579. The pair remains confined within a range shaped by diverging US and Australian monetary policies—Fed’s hawkish stance contrasts with the RBA’s caution amid mixed domestic data. Technicals show consolidation with neutral-to-bearish RSI and waning momentum, suggesting a potential test of support ahead. Watch for a decisive breakout or breakdown to set the medium-term direction. #AUDUSD #ForexAnalysis

GBP/USD

GBP/USD Weekly Forecast: Navigating Rangebound Movements Amidst Key Data Risks

GBP/USD remains range-bound this week, trading between key support at 1.2580 and resistance near 1.2850. Mixed UK inflation data and cautious BoE signals contrast with steady US job growth and Fed’s wait-and-see stance. Upcoming UK employment, US CPI, and retail sales data may define the next directional move. Watch for a break above 1.2850 for bullish momentum toward 1.2900-1.3000 or a drop below 1.2580 to test lower support levels. Analysis by ActionForex.com staff.

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