The FX landscape remains shaped by corrective pullbacks alongside strong directional trends. Selling pressure continues to dominate AUDCAD, EURGBP, and AUDNZD, with each pair retreating from key resistance zones. The persistent downtrend in NZDCHF is still intact, driving the pair into fresh lows. On the other hand, EURNZD has broken away from the corrective theme, surging to new highs and reinforcing its bullish momentum.
AUDNZD
Market Bias: Bearish
AUDNZD’s corrective decline is gathering pace. After failing to sustain gains near 1.14716, sellers have dragged the pair back into consolidation. The Stochastic oscillator has turned sharply lower from overbought territory, while the Momentum indicator is also weakening. Together, these point to fading bullish strength. The outlook is bearish, with a likely retest of the 1.13477 support in the coming sessions.
EURGBP
Market Bias: Bearish
EURGBP remains confined within its sideways structure, once again rejected at the 0.87267 resistance. Price action is now tilting lower, supported by negative signals from both the Stochastic and Momentum indicators. The near-term bias is bearish, with sellers eyeing the lower edge of the range around 0.86700.
AUDCAD
Market Bias: Bearish
The bearish reversal in AUDCAD is extending. After a firm rejection at 0.92698, sellers forced a break below 0.91379. Momentum readings remain firmly negative, reinforcing the downside bias. The next key target lies at the 0.90679 support.
NZDCHF
Market Bias: Bearish
NZDCHF’s strong downtrend shows no sign of slowing. The pair has broken beneath 0.46025 support and continues to carve out fresh lows. Although the Stochastic sits in oversold territory, price action remains weak and Momentum is deeply negative. The prevailing trend is bearish, and any short-term rebounds are likely to attract renewed selling.
EURNZD
Market Bias: Bullish
EURNZD stands out as the week’s bullish leader. Following a period of consolidation, the pair successfully retested support before breaking above the 2.03129 resistance, setting new record highs. With Momentum firmly positive and the broader trend intact, the bias remains bullish. Even though the Stochastic is overbought, the outlook stays positive as long as price holds above 2.03129.
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