Forex Daily Forecast, Analysis and Prediction

USD/BRL Forecast: Can the Pair Hold Below 5.10?

Natural gas is beginning to drift higher as seasonal demand expectations improve. The $3 level remains the key resistance zone, while potential European demand and colder-weather forecasts could support further gains later in the year.

GBP/JPY is attracting dip buyers after a sharp pullback, with the wide interest rate differential continuing to favor the British pound over the yen. Carry trade demand supports the broader bullish outlook, although Friday’s US jobs data could increase volatility.

USD/INR Plunges Below 95 as Rupee Strength Surprises Markets

USD/JPY has pulled back sharply toward the 158 support area after suspected Bank of Japan intervention. The 200-day EMA and rising trendline are helping stabilize the pair, while a recovery above 160 could reopen the path toward 162.

EUR/CAD continues to trade sideways, with 1.60 acting as key support and 1.62 capping the upside. Traders are watching for a potential bounce as momentum nears oversold territory ahead of Canadian and US jobs data.

EUR/AUD remains under bearish pressure as sellers defend rallies and the pair approaches the crucial 1.60–1.61 support zone. A break below 1.60 could accelerate losses, while a sustained recovery above 1.66 would be needed to improve the longer-term outlook

GBP/CHF is struggling to break above the 1.10 barrier, but the broader carry trade setup still favors the pound. A pullback toward 1.0933 could attract buyers, with 1.0820 as the stop level and 1.1120 as the upside target.

AUD/USD remains near recent highs after resilient Australian growth data, but technical signals point to downside risk. A rising wedge, bearish PPO crossover and divergence keep 0.7050 in focus ahead of the US NFP report.

BTC/USD is holding near crucial support as rising bond yields, a stronger US dollar and tighter Fed expectations weigh on sentiment. Bearish momentum is building, with a break below $76,250 potentially opening the way toward $70,000.

EUR/USD remains under pressure ahead of the August US nonfarm payrolls report after weaker private-sector hiring data. A bearish flag and resistance from the descending trendline keep the downside in focus, with 1.1500 the key target.

USD/CHF has erased its recent sharp selloff and is pushing higher as rising US yields and the wide US-Swiss rate differential support the dollar. The 0.82 level is the next key upside target, while the 50-day EMA near 0.8065 remains important support.