AUD/USD

Forex Technical Analysis: Major Currency Pairs Outlook for August 8, 2025 by F.X. Daily Report Team

EUR/USD tests key support near 1.0800 amid ECB caution and Fed’s higher-for-longer stance. Watch 1.0950 resistance for potential breakout.
GBP/USD rebounds above 1.2700, eyes resistance at 1.2850–1.2900 amid UK labor strength.
USD/JPY consolidates, support at 138.50 critical as BOJ policy remains steady.
AUD/USD struggles near 0.6720 resistance, pressured by commodity volatility.
USD/CAD holds 1.3100 support; oil price trends to guide next moves.

Traders to monitor key technical levels and central bank cues for directional clues this week. #Forex #TechnicalAnalysis #CurrencyPairs

Forex Technical Analysis: Major Currency Pairs Overview (As of August 8, 2025)

EUR/USD shows bearish bias amid Fed-ECB policy divergence, testing support at 1.0800. Strong US jobs data bolster USD while Eurozone growth concerns weigh on the euro. Caution advised below 1.0800 for further downside; break above 1.0935 required to signal reversal.

GBP/USD trades sideways near 1.2750 after BoE’s cautious stance, key support at 1.2700 holding. Watch range-bound momentum for directional clues.

USD/JPY remains supported by safe-haven demand amid geopolitical tensions, hovering above 146.50.

Technical indicators confirm mixed signals across pairs, underscoring need for vigilance as global economic events unfold. Stay tuned for updates from FX Daily Report and expanded market insights.

Forex Technical Analysis: Major Pairs Update for August 8, 2025

EUR/USD is testing key resistance at 1.1000 amid ECB policy uncertainty and strong US data. A break above may target 1.1100, while support at 1.0860 remains critical. GBP/USD uptrend slows near 1.3050 resistance, holding support at 1.2850. USD/JPY consolidates around 145.00, watching BoJ signals. AUD/USD struggles below 0.6750 amid risk-off sentiment. USD/CHF faces resistance near 0.9200 with eyes on Swiss economic releases. Traders should monitor central bank cues and momentum shifts to navigate potential breakouts or reversals.
— Based on analysis by I Gusti Agung Bagus Dharma Agastia for FX Daily Report, with supplemental market insights.

Forex Technical Analysis: Major Pairs for August 8, 2025

EUR/USD consolidates near key resistance at 1.1000, forming a symmetrical triangle. Watch for a breakout above 1.1000 targeting 1.1100/1.1200 or a break below 1.0800 risks a drop to 1.0720. RSI neutral, moving averages flattening — indecision persists.

GBP/USD remains bearish within a descending channel, capped near 1.2900 resistance and supported at 1.2600. MACD bearish crossover and prices below the 50- and 200-day moving averages suggest downside momentum continues.

Traders should wait for confirmed breakouts before committing to positions. Analysis based on M. Iqbal at FXDailyReport.com with insights from DailyFX and Investing.com. #Forex #TechnicalAnalysis #EURUSD #GBPUSD

Forex Technical Analysis – Major Pairs – August 8, 2025

The Forex market remains dynamic amid mixed signals from global economies. EUR/USD faces resistance near 1.1100, pressured by divergent Fed and ECB policies; a break below 1.0900 may accelerate losses. GBP/USD holds range-bound amid UK growth worries and inflation persistence. AUD/USD and USD/CAD respond to commodity price swings, while USD/JPY reflects risk sentiment amid Bank of Japan’s monetary stance. Traders should watch key support/resistance levels and upcoming economic data to navigate potential volatility. Detailed insights by Vincent Nyagaka and combined expert analysis highlight the importance of risk management and monitoring central bank communications.

Forex Major Pairs Technical Analysis: Outlook and Opportunities

EUR/USD remains bearish, trading below key moving averages with RSI near oversold; watch 1.0800 support and 1.1000 resistance for potential breakouts.
GBP/USD pressured by UK data, holding support around 1.2550; a break above 1.2700 may signal bullish reversal.
USD/JPY shows resilience above 137.00, eyeing range expansion if 138.50 is breached.
AUD/USD struggles near 0.6400 amid cautious sentiment, with support at 0.6300 critical.
USD/CAD consolidates around 1.3350; momentum indicators suggest possible continuation upward.

Monitor central bank signals and macroeconomic releases closely—strategic entries should align with confirmed technical setups for optimal risk management.

#Forex #TechnicalAnalysis #CurrencyTrading #FXMajorPairs

Comprehensive Forex Technical Analysis Update for August 8, 2025: EUR/USD tests support near 1.0920 amidst waning momentum, with key resistance at 1.1040 and 1.1150. GBP/USD remains in a descending triangle, struggling to break above 1.3000 as BoE policy and UK fiscal signals loom. Stay tuned for ECB and US inflation data impact. Insights expanded from Nek Muhammad’s FX Daily Report.

AUD/USD remains rangebound this week between 0.6570 support and 0.6710 resistance amid mixed economic data and cautious risk sentiment. Technical indicators show neutral momentum on daily charts with slight bullish bias weekly. Key levels to watch: a break above 0.6710 could target 0.6870, while a break below 0.6570 risks a slide toward 0.6460. Traders should monitor US Fed signals and commodity trends for directional cues.

AUD/USD showed notable volatility last week amid Fed policy shifts and Chinese economic signals. Technicals reveal strong support around 0.6570–0.6580 and resistance near 0.6680–0.6700. While medium-term momentum turns neutral-bullish, resistance hurdles cap gains. Watch US inflation data and Aussie jobs figures for next directional cues. Credit to ActionForex for the original analysis. #Forex #AUDUSD #MarketOutlook

AUD/USD remains range-bound after a quiet week, with key support near 0.6575 and resistance at 0.6702. Watch for a clear breakout above 0.6702 to signal potential bullish momentum or a drop below 0.6461 to confirm bearish continuation. Technical indicators show indecision as moving averages converge and RSI holds neutral. Traders should monitor central bank cues and global risk sentiment for direction.