Forex Daily Forecast, Analysis and Prediction

This latest data combined with sticky domestic inflation continues to support the AUD/USD as expectations of a September rate hike grow.

USD/CHF has bounced from the 50-day EMA after an early selloff, with the wide US-Swiss rate differential continuing to support the carry trade.

EUR/CHF has eased after Swiss inflation came in above expectations, but the broader bullish trend remains intact. The carry trade and widening rate differential continue to favor the euro, with dips still viewed as potential buying opportunities.

The CAC 40 is testing a key support zone around the 200-day EMA after four consecutive sessions of selling pressure.

AUD/JPY has pulled back sharply as Japanese yen strength dominates the pair, but the broader range remains intact.

AUD/CAD is consolidating just below parity as a bullish flag pattern develops. The 210 basis-point rate advantage in favor of Australia supports the upside, while Friday’s Canadian employment data could provide the next catalyst.

XRP has had a strong month, climbing well off the lows that defined its summer. However, the past week has been quieter, with the advance stalling and price drifting rather than pushing on.

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.

The Euro sits in quiet rebellion against consensus. While traders had positioned for a dovish Fed pivot, recent communications suggest the central bank may hold or hike instead, leaving positioning exposed and conviction fragile.

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