Forex Daily Forecast, Analysis and Prediction

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.

GBP/USD Price Outlook as Dollar Strength Pressures Sterling

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.

Bitcoin tests $77,000 as on-chain momentum turns positive. A move above $80,000 could confirm a recovery, while failure risks a pullback toward $74,000.

USD/CAD has benefited from the widening yield spread between US and Canadian bonds, creating a structural advantage for dollar longs that institutional investors have aggressively exploited.

USD/JPY remains near the crucial 160 level and 50-day EMA as the US-Japan rate differential continues to support the carry trade. Intervention risk remains a concern, while Friday’s US jobs report could provide the next major catalyst.

AUD/CHF has pushed above the 0.5800 level as the Australian dollar benefits from a favorable rate differential against the Swiss franc. The broader bias remains bullish, with 0.5990 as the upside target and 0.5700 marking key support.

WTI Crude Oil Surges Above $91 on Middle East Escalation

EUR/CHF continues to trend higher as the interest rate differential favors the euro and buyers defend the 0.9300 support area. The broader outlook remains bullish, with 0.95 as the next major target and 0.9650 possible longer term.

GBP/JPY is consolidating above the 50-day EMA as traders balance bullish rate differentials against renewed Bank of Japan intervention risk.

AUD/USD has pulled back from recent highs despite stronger-than-expected Australian GDP growth. The pair is testing the lower boundary of its ascending channel, with a break lower potentially exposing 0.7050, while a rebound could bring 0.7200 back into focus.

BTC/USD remains under pressure as rising global bond yields and higher Fed rate-hike expectations weigh on risk assets. Bitcoin has formed a bearish double-top pattern, with $70,000 emerging as the next key downside target if support fails.