AUDCAD Analysis
AUD/CAD Slips Below 0.8955 – Bearish Bias Strengthens
AUDCAD breaks short-term structure below 0.8955. RSI at 39 and red Kumo cloud point to bearish pressure; watch 0.8898 and 0.8850 as key supports.
AUDCAD has broken below its short-term bullish structure after failing to sustain gains above the 0.89556 resistance level. The price has returned to the previous consolidation zone near 0.88983, which now acts as minor support. The Ichimoku Kumo cloud has flipped red, confirming a bearish shift in momentum. Meanwhile, RSI sits at 39, signaling weakening bullish strength and increasing downside potential. If price continues lower, the next support to watch is around 0.88500. For bullish momentum to resume, a strong reclaim of 0.8955 is required.
EURUSD Analysis
EUR/USD Holds Above 1.1260 – Bullish Momentum Rebuilding
EUR/USD defends 1.1260 and breaks above Ichimoku cloud. RSI at 59 supports upside. Holding above 1.1260 may target 1.14736; below 1.1227 risks reversal.
EUR/USD is staging a recovery after defending the key horizontal support at 1.12608. The recent breakout above the Ichimoku cloud indicates a potential short-term bullish reversal. The RSI has bounced from the 50 level and now trades above 59, showing renewed bullish momentum. As long as the pair holds above 1.1260, the next upside target lies near the 1.14736 resistance zone. However, a daily close below 1.12275 would invalidate the bullish setup and signal the possibility of a deeper correction.
GBPUSD Analysis
GBP/USD Breaks Above 1.3358 – Bulls Target Higher Highs
GBP/USD clears 1.3358 resistance with RSI at 63.95. Bullish Kumo cloud supports further upside. Holding above 1.3350 may open path toward 1.3450+.
GBP/USD is showing strong bullish momentum after breaking above the prior resistance at 1.33586 and is now trading near 1.34503. The pair is supported by a bullish Ichimoku Kumo structure, with RSI standing at 63.95—near overbought territory but still favoring continued upside. If 1.3350 holds as support on a potential retest, the breakout may lead to further gains. Bears would only regain control on a confirmed break below 1.3290, which would invalidate the current bullish bias and open the door to a deeper pullback.
USDJPY Analysis
USD/JPY Pressured Below 144.00 – Bears Still in Control
USDJPY trades below 144.00 in a bearish channel. RSI at 36.43 shows weak momentum. Break below 143.00 targets 141.63; reclaiming 144.92 may shift trend.
USDJPY remains inside a bearish correction channel after rejecting from the 146.647 resistance earlier this month. The pair is currently hovering just below the 144.000 mark and struggling to hold above the Ichimoku cloud, which reflects ongoing bearish pressure. RSI is flat at 36.43, showing weak momentum and no strong reversal signals yet. A confirmed close below 143.00 would likely accelerate downside movement toward the 141.638 support level. Alternatively, a reclaim of 144.92 could reintroduce short-term bullish interest into the market.
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