Today’s cross pairs outlook highlights weakening momentum across AUD and JPY-based pairs. From NZDJPY’s breakdown to EURJPY’s rejection near 163.89, the cross pairs outlook suggests increasing bearish pressure unless key supports hold. Traders are closely watching for breakdowns or rebounds from critical levels.
AUDCAD Analysis
AUD/CAD Slides Toward 0.8930 – Momentum Fades Below 0.9020
AUDCAD weakens after failing at 0.9020. RSI at 43 reflects bearish pressure. Break below 0.8920 could target the 0.8850 support zone.
AUDCAD has been trading in a contracting and choppy structure after failing to hold above the 0.9020 resistance area. Following a steady bullish trend since early April, the price peaked near a key psychological level and has since started forming lower highs. The pair is now testing the lower boundary of its recent range around the 0.8930 support level. RSI is trending below the 50 midline, currently near 43, indicating weak bullish momentum. A confirmed break below 0.8920 could trigger a deeper retracement toward the 0.8850 zone.
EURCAD Analysis
EUR/CAD Stuck Below 1.5700 – Range Holds Firm
EURCAD trades between 1.5610–1.5700 with RSI near 52. Market lacks direction; breakout above 1.5700 or below 1.5610 will set next move.
EURCAD continues to trade just below the 1.5700 resistance level, struggling to generate enough momentum for a decisive breakout. Price action remains confined within a narrow horizontal range, with minor resistance at 1.5675 and support around 1.5610. The RSI sits near 52, indicating neutral sentiment and indecision in the market. A confirmed close above 1.5700 could lead to a bullish continuation toward 1.5750 and beyond. Conversely, a break below 1.5610 would expose the pair to a potential retest of the 1.5550 support zone. Until a breakout occurs, EURCAD remains range-bound and directionless.
EURJPY Analysis
EUR/JPY Pulls Back from 163.89 – Eyes on 162.00 Support
EURJPY retreats after rejection at 163.89. RSI at 44.9 with bearish divergence. Break below 162.00 may target 160 and 159.05 support levels.
EURJPY is pulling back from the resistance zone between 163.63 and 163.89 after failing to print a higher high during the recent rally. The pair is now hovering near 162.33, testing support levels established in early May. The technical structure suggests the potential for a deeper correction if the 162.00 support fails to hold, with horizontal support at 159.05 as the next major target. RSI confirms weakening bullish momentum, showing bearish divergence and currently sitting near 44.9. If bearish sentiment increases, price may seek liquidity below the 160.00 psychological level.
NZDJPY Analysis
NZD/JPY Breaks Below 85.00 – Bearish Pressure Builds
NZDJPY falls through 85.00 support with RSI at 34.6. Bearish cloud and weak momentum point to downside toward 83.50–84.00 unless 85.00 is reclaimed.
NZDJPY has broken below the key horizontal support zone at 85.00, signaling a possible continuation of bearish momentum. After failing to reclaim the 86.50 resistance level, the pair has entered a bearish Ichimoku cloud zone with fading strength. The RSI is weak and trending at 34.6, well below the midline, confirming growing selling pressure. If the breakdown is sustained, NZDJPY could slide toward the 83.50–84.00 support range. To invalidate this bearish outlook, a strong move back above 85.00 would be required to re-establish neutrality.
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