EURUSD: The EURUSD moved lower early in the US session but did fins support buyers near a swing area between 1.15422 and 1.15549. The low price bottomed off the level and bounced to the 100 hour MA where the price is settling into the weekend. That MA will be the barometer for buyers and sellers in the new week.
GBPUSD: GBPUSD held support at an upward-sloping trendline on the hourly chart earlier today and then pushed higher, breaking above the 100-hour moving average and holding above it into the New York afternoon session. That move gives buyers something to build on in the near term. However, there is still work to be done to strengthen the bullish bias. The next upside hurdles include the 100-day moving average at 1.3395, followed by the falling 200-hour moving average at 1.3421. Beyond that, traders would need to contend with the 200-day moving average at 1.3442. In short, buyers have made progress, but clearing those resistance levels will be key to shifting the bias more firmly to the upside.
USDCAD: USDCAD is breaking lower as oil prices surge more than 12% on the day, adding pressure to the pair alongside a weaker U.S. dollar following the softer jobs report. The decline has pushed the price below the key trading range between 1.3624 and 1.3724, triggering further selling momentum. With that break, the pair has moved through additional swing levels at 1.3603 and 1.3593 and is now targeting the next downside level near 1.3575. For the bias to shift back toward the upside in the new trading week, the price would need to move back above 1.3624. Absent that move, sellers remain firmly in control.
AUDUSD: The AUDUSD bias remains tilted to the downside, but support near 0.6972–0.6985 has stalled the decline over the last three trading days, with those lows holding above Tuesday’s weekly low at 0.6945. A break below 0.6972 would likely open the door for further downside momentum. On the topside, the 100-hour moving average near 0.7040 has capped rallies on Thursday and Friday. Moving above and holding that level would target the 200-hour moving average and the 100-bar MA on the 4-hour chart near 0.7067, with a break above that cluster likely to trigger additional upside momentum.
NZDUSD: The NZDUSD is rallying off the low for the week after sellers had their shot below a lower channel trend line. The price is bouncing higher and testing the 100 hour MA into the close at 0.5907. That level will be the key barometer for both buyers and sellers going into the new trading week. Trade above is more bullish. Stay below will be more bearish. .







Leave a Reply