AUDUSD
AUD/USD Holds Below 0.6388 – Breakout or Pullback Ahead?
AUD/USD consolidates near 0.6388 after V-recovery. RSI at 65.44 signals strength, but overbought risks suggest possible short-term pullback.
AUD/USD has posted a strong V-shaped recovery from the 0.59300 support, climbing through multiple resistance zones, including the 0.61390–0.61842 range. Now consolidating just below 0.63880, the pair shows bullish momentum supported by an RSI of 65.44, suggesting continued strength. However, the pair is nearing overbought territory, hinting at a possible short-term correction unless a breakout above 0.63880 confirms the next bullish leg. The Keltner Channel is expanding, reflecting increased volatility with upward pressure.
NZDCAD
NZD/CAD Rallies Toward 0.8345 – Breakout or Pause?
NZD/CAD rebounds from 0.7795 and tests 0.8242. RSI at 68.27 nears overbought. Watch 0.8345 resistance for trend continuation signal.
NZD/CAD has followed a similar rebound to AUD/USD, rallying sharply from the 0.77957 base and currently trading near 0.82428. The pair has broken above the previous structure resistance at 0.81314–0.81500, which now acts as short-term support. The RSI is at 68.27, approaching overbought territory, suggesting some short-term caution. A confirmed breakout above 0.83452 could open the way for a move into a higher trend channel, while failure to clear this resistance may result in sideways consolidation.
EURJPY
EUR/JPY Pulls Back from 162.94 – Bearish Bias Developing
EUR/JPY slips to 161.59 after rejection at 162.94. RSI at 46.42 shows bearish divergence. Watch 160.29 support if pressure continues.
EUR/JPY is showing signs of technical weakness, retreating from the 162.945 resistance zone and currently hovering near 161.599. While the Keltner Channel has shifted back to green, price lacks upside conviction, and the RSI has dropped from above 60 to 46.42, confirming a bearish divergence. Without a decisive move above 162.945, the pair risks sideways consolidation or a pullback toward 160.296 support. The current structure reflects hesitant momentum, unlike the strong rallies seen in commodity pairs.
EURCAD
EUR/CAD Eyes Breakout at 1.5858 – Bulls Hold Control
EUR/CAD rebounds from 1.5402 and nears 1.5858 resistance. RSI at 61.55 supports bullish pressure. Breakout may trigger fresh upside.
EUR/CAD has bounced strongly from the 1.54026 support zone, now approaching the 1.58580 upper resistance band. The pair remains range-bound, but the RSI at 61.55 signals continued bullish momentum without being overbought. A clean break and hold above 1.58580 could trigger a new impulsive move upward. For now, as long as 1.57000 holds, buyers remain in control, and the bullish outlook remains valid within the current structure.
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