USD/CAD remains range-bound between 1.3600 support and 1.3784 resistance amid mixed US and Canadian economic data, fluctuating oil prices, and cautious central bank signals. Technicals show mild bullish bias within a symmetrical triangle pattern; a breakout above 1.3784 could target 1.3860 and beyond. Watch inflation, rate guidance, and oil trends for potential catalysts.
AUD/USD shows extended recovery as it rebounds from key supports near 0.6465 and tests resistance at 0.6713. Technical indicators suggest room for further gains, but short-term hesitation may bring minor pullbacks. A decisive break above 0.6713 could open the path toward 0.6870, signaling a broader bullish shift. Traders should watch key levels amid evolving global economic dynamics.
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EUR/USD held steady last week as markets awaited key US jobs and inflation reports. Strong labor and wage data could reinforce Fed’s cautious stance, while mixed eurozone figures keep the euro under pressure. These upcoming data releases will be critical for near-term direction.
GBP/USD remains cautious entering a crucial week with the BoE meeting, US NFP, and CPI releases on the horizon. Mixed UK data and inflation concerns keep buyers hesitant, while the dollar’s reaction to US labor and inflation reports will be key. Market eyes on central bank signals and political risks. Analysis by Yohay Elam at Forex Crunch.
USD/CAD edged higher last week, holding within a defined range near 1.3650 resistance as the market balanced a firmer U.S. dollar—supported by persistent inflation and Fed caution—with steady Canadian economic data and stabilizing oil prices. Technical indicators signal consolidation and indecision, keeping traders alert for a potential breakout in the coming weeks. Key levels to watch include resistance at 1.3650–1.3665 and support near 1.3565 and 1.3470. Fundamentals remain driven by Fed policy outlook and oil market trends. For detailed analysis, check the latest insights from ActionForex, DailyFX, Investing.com, and ForexLive.
AUD/USD remains in a consolidation phase within a medium-term bearish trend. Immediate resistance sits at 0.6713, while support holds around 0.6567. A decisive break below support could open the way to 0.6460, continuing the downtrend. Watch for a daily close above 0.6713 to signal potential reversal. Overall, cautious trading persists amid mixed technical signals and fundamental uncertainties.
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