Forex Daily Forecast, Analysis and Prediction

USD/CHF remains supported by the large interest rate differential between the US and Switzerland, with the franc continuing to serve as a carry-trade funding currency.

EUR/JPY is attempting to stabilize within the ¥175–¥178 demand zone as buyers look for value, although French debt concerns continue to weigh on the euro. A break above ¥178 could support a move toward ¥181, while a fall below ¥175 would significantly weaken the outlook.

AUD/USD is showing signs of stabilizing near the lower end of its broader trading range, with buyers appearing around 0.6950. Oversold momentum, a relatively hawkish RBA and commodity demand could support a bounce, although the pair remains range-bound.

GBP/USD Nears a Turning Point After Holding 1.3200

Gold is testing a major $4,000–$4,200 demand zone and its longer-term uptrend line as high interest rates pressure prices. Remains bullish longer term, with a break above the 200-day EMA potentially opening the way toward $4,700.

USD/CAD looks overextended and could pull back toward 1.42–1.4150, but the broader outlook remains bullish. Chris is watching for a break above 1.43 combined with a weaker-than-expected Ivey PMI as a potential buy signal targeting 1.4415.

NZD/USD is testing major support around 0.55–0.56 and may be due for a short-term bounce. However, we remain bearish and favors selling signs of exhaustion near 0.57, while a break below 0.55 would signal a major technical breach.

EUR/USD remains bearish after breaking a major support level, as concerns over French debt and rising US yields pressure the euro. Short-term rallies may attract sellers, with 1.10 emerging as the next major downside target.

AUD/USD has staged a modest rebound despite a stronger US dollar and weaker iron ore prices. However, bearish technical signals suggest the pair could retreat toward 0.6900.

Bitcoin remains technically bullish after confirming a break-and-retest pattern and holding above key support. A breakout above $87,310 could trigger a move toward $90,000.

EUR/USD has fallen to a 17-month low as European political and debt concerns intensify. Despite oversold conditions, the broader bearish trend could push the pair toward 1.1000.

The precious metal has seen a rather solid downturn emerge the past month. In recent trading as its speculative short and near-term nature fight with its consistent underlying value which creates dynamic price action for speculators