EURCAD Analysis

EURCAD – Bearish Bias Below Cloud Resistance

EURCAD trades below 1.5742 resistance and cloud top. Price remains weak as RSI stays under 50, keeping downside pressure in focus.

EURCAD continues to consolidate beneath the 1.5742–1.5760 resistance band, which aligns with the upper Ichimoku cloud and recent swing highs. Price action remains suppressed under the cloud, and RSI holds below the 50 threshold, currently reading 48.60—indicating persistent bearish momentum. A break above 1.5760 is needed to shift the structure bullish. If resistance holds, downside targets include 1.5402, the next major support zone.

GBPAUD Analysis

GBPAUD – Bearish Pressure Persists Below 2.0740

GBPAUD attempts rebound after RSI oversold. Resistance at 2.0740 must break for short-term rally. Bearish cloud still dominates.

GBPAUD is showing early signs of a rebound after hitting oversold territory on RSI (currently at 36.85), with price bouncing off the 2.0570 support region. However, the pair remains below the red Ichimoku cloud, and 2.0740 stands as immediate resistance. A failure to reclaim this level could resume bearish momentum, while a confirmed breakout above 2.0740 may open the door to a short-term rally toward 2.0810. Trend bias remains bearish unless bulls reclaim ground above the cloud.

USDJPY Analysis

USDJPY Trapped Between 144.47–146.64 Range

USDJPY fails at 146.00 and pulls back. A drop below 143.70 may trigger deeper losses. Neutral RSI signals indecision.

USDJPY is consolidating between key horizontal levels: 144.47 support and 146.64 resistance. After failing to break above 146.00, price pulled back and now hovers above 143.76. RSI stands at 47.39 and is sloping downward, indicating waning bullish momentum. A confirmed breakdown below 143.70 may expose 141.63 next, while a bounce from current levels could bring the 145.50–146.00 zone back into play.

USDCAD Analysis

USDCAD Stuck in 1.3741–1.3904 Range

USDCAD remains directionless inside a tight horizontal range. A breakout above 1.3904 or drop below 1.3741 may define the next trend.

USDCAD continues to consolidate within a horizontal range, bounded by 1.3741 support and 1.3904 resistance. Price is hovering around 1.3816 mid-range after a recent bounce from the lower boundary. RSI is flat at 47.20, showing lack of momentum. The pair remains trapped below the Ichimoku cloud, highlighting bearish dominance. Bulls need a decisive move above 1.3885 to shift control. A breakout from this sideways structure may determine the next directional move.