The currency market is moving in different directions this week. The Euro is showing strong performance as both EURGBP and EURNZD continue to climb to new highs. On the other side, the New Zealand Dollar remains weak. NZDCHF is still dropping sharply, while AUDNZD has shifted into a downward correction after a long rally. AUDCAD, however, has not committed to any major move and continues to move sideways within its range.
NZDCHF
Market Bias: Bearish
NZDCHF keeps sliding lower after breaking cleanly below the 0.46025 support level. The pair now trades around 0.45098, pushing into fresh lows for the year. Sellers remain in control, and the next key level sits near 0.45030. If the decline continues, 0.43467 becomes the next area to watch. Momentum remains strongly negative, showing that sellers still have the upper hand and the market is likely to continue drifting downward.
AUDNZD
Market Bias: Bearish
After months of steady gains, AUDNZD has finally eased into a pullback. Price was rejected near 1.16360 and has been falling since then. Momentum has slipped below the zero mark, signalling that short-term strength has shifted to the downside. With the correction underway, sellers may look toward the 1.14246 zone as the next important support area for price to test.
EURGBP
Market Bias: Bullish
EURGBP continues to move higher in an organised uptrend. The breakout above 0.87267 has held firmly, turning that region into new support. Price is now pushing upward toward 0.88216 as buyers stay active. Momentum is positive and still rising, which supports the view that the pair may stretch further to the upside in the coming days.
AUDCAD
Market Bias: Neutral
AUDCAD remains stuck inside a broad sideways channel. Price keeps bouncing between 0.90679 on the lower end and 0.92698 at the upper boundary. At the moment, the pair is hovering around 0.91663, which is roughly the middle of the range. Volatility is low and the overall market direction is flat, as confirmed by the muted ATR and momentum sitting near the zero line. Clearer opportunities may only show up when price approaches either edge of the range.
EURNZD
Market Bias: Bullish
EURNZD has broken strongly to the upside after clearing the 2.03129 resistance area. The pair continued to build on that breakout and has now reached around 2.04411. Rising volatility, alongside a strong positive momentum reading, suggests that buyers are firmly in control of the trend. The outlook remains bullish as the pair pushes toward higher levels.
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