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AUD/USD Price Forecast: Falls toward ascending channel lower boundary near 0.6450
AUD/USD Price Forecast: Falls toward ascending channel lower boundary near 0.6450
The AUD/USD pair breaks its three-day winning streak, trading around 0.6480 during the European hours on Wednesday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
Technical Analysis
Majors
AUDUSD
GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), expected to be between 1.3300 and 1.3400. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
USD: Dollar rally unimpressive so far – ING
USD: Dollar rally unimpressive so far – ING
Last night's news that the US and China would begin formal trade talks on 10-11 May to de-escalate the tariff war saw the dollar briefly spike 0.4/0.5%.
Technical Analysis
Banks
DollarIndex
GBP: Trade deals can help – ING
GBP: Trade deals can help – ING
Sterling is trading steadily, but politics should be supportive this month. We've already seen a new UK-Indian trade deal announced yesterday, but speculation is rising that a US-UK trade deal could be reached this week, ING's FX analyst Chris Turner notes.
Technical Analysis
Banks
GBPUSD
EUR/USD likely to trade between 1.1290 and 1.1390 – UOB Group
EUR/USD likely to trade between 1.1290 and 1.1390 – UOB Group
Price action did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade between 1.1290 and 1.1390 vs US Dollar (USD).
Technical Analysis
EURUSD
Banks
EUR: Weakened Merz doesn't do too much damage – ING
EUR: Weakened Merz doesn't do too much damage – ING
It's been quite an attractive story to tell that if German fiscal expansion caused the EUR/USD exchange rate to rise significantly in March (from 1.04 to 1.09), then a weakened Friedrich Merz should see EUR/USD fall a few figures back, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
Ethereum Futures Analysis. Breakout May Happen Soon!
Ethereum Futures Analysis. Breakout May Happen Soon!
Analyzing Ethereum Futures price movement, showing signs of moderate bullish momentum with key levels to watch for potential breakout. Order Flow Intel highlights buyer support and bullish bias, suggesting a positive trend ahead.
OrderFlow Intel
ETH Technical Analysis
ETH
USDJPY Technical Analysis – Will the Fed push back against the dovish pricing?
USDJPY Technical Analysis – Will the Fed push back against the dovish pricing?
The USDJPY pair erased most of last week’s gains as some disappointing tariff headlines hit the sentiment. What’s next?
EUR/USD Price Forecast: Tests support around 1.1350, upside appears due to bullish bias
EUR/USD Price Forecast: Tests support around 1.1350, upside appears due to bullish bias
EUR/USD retraces its recent gains from the previous session, hovering near 1.1360 during Wednesday’s Asian session. Technical analysis on the daily chart continues to show a bullish bias, with the pair staying within an ascending channel pattern.
EURUSD
Technical Analysis
Majors
Bullish
GBP/USD Price Forecast: Slides to mid-1.3300s amid some USD buying ahead of Fed decision
GBP/USD Price Forecast: Slides to mid-1.3300s amid some USD buying ahead of Fed decision
The GBP/USD pair attracts some sellers during the Asian session on Wednesday and erodes a part of its weekly gains registered over the past two days, to the 1.3400 mark. The intraday slide is sponsored by a modest US Dollar (USD) strength and drags spot prices below mid-1.3300s in the last hour.
Technical Analysis
Currencies
Fed
GBPUSD
Reminder: China president Xi to visit Moscow later today
Reminder: China president Xi to visit Moscow later today
Xi will be visiting the Russian capital on a four-day state visit
Gold soars to two-week high on trade jitters, India-Pakistan tensions
Gold soars to two-week high on trade jitters, India-Pakistan tensions
Gold rallied to a two-week peak on Tuesday as the Chinese markets resumed operations following a long weekend holiday and concerns about US trade policies. Geopolitical risks also boosted the precious  metal, with a new conflict emerging between Pakistan and India.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day’s range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
USD/JPY firms as trade tensions and Fed caution weigh on Dollar
USD/JPY firms as trade tensions and Fed caution weigh on Dollar
USD/JPY is trading weaker on Tuesday, hovering in the 142.00 area as safe-haven demand strengthens the Japanese Yen.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
EUR/JPY Price Analysis: Euro drifts near 162.00 as bearish pressure starts to build
EUR/JPY Price Analysis: Euro drifts near 162.00 as bearish pressure starts to build
The EUR/JPY pair weakened slightly on Tuesday, hovering around the 162.00 mark after the European session, with price action holding mid-range between intraday highs and lows.
Crosses
Technical Analysis
Currencies
EURJPY
AUDUSD knocking on the 0.6500 target level.
AUDUSD knocking on the 0.6500 target level.
Moving away from the 200-day MA again
EUR/CAD Price Analysis: Euro softens toward 1.5600 but broader trend stays constructive
EUR/CAD Price Analysis: Euro softens toward 1.5600 but broader trend stays constructive
The EUR/CAD pair edged lower on Tuesday, hovering near the 1.5600 area after the European session as the pair retreated within the day’s range.
Crosses
Technical Analysis
Currencies
EURCAD
EUR/USD Price Analysis: Euro steadies near 1.1300 with bullish bias intact
EUR/USD Price Analysis: Euro steadies near 1.1300 with bullish bias intact
The EUR/USD pair moved slightly higher on Tuesday, trading near the 1.1300 zone after the European session as buyers remained in control despite a lack of strong momentum.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
Gold rallies as global risk sentiment deteriorates ahead of Fed policy update
Gold rallies as global risk sentiment deteriorates ahead of Fed policy update
Gold (XAU/USD) is rising sharply on Tuesday, supported by a convergence of geopolitical conflict, trade policy uncertainty, and investor defensiveness ahead of Wednesday’s Federal Reserve (Fed) interest rate decision and Chair Jerome Powell’s press conference. 
Technical Analysis
XAUUSD
Metals
Gold
Fundamental Analysis
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Technical Analysis
Majors
Macroeconomics
GBPUSD
Fundamental Analysis
NZDUSD tests key swing area resistance as buyers push higher after MA support at lows
NZDUSD tests key swing area resistance as buyers push higher after MA support at lows
Momentum builds in NZDUSD with bulls pressing against key resistance ceiling
The S&P and Nasdaq indice bounce near 50-hour MAs. Buyers still holding short-term control
The S&P and Nasdaq indice bounce near 50-hour MAs. Buyers still holding short-term control
Market indices bounce near key support levels, maintaining short-term bullish bias. Dip buyers active as 50-hour MAs hold as risk levels for S&P and Nasdaq.
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
The Swiss franc’s strong performance and soft inflation have raised expectations of SNB action, while the euro’s recent strength is now under scrutiny amid economic headwinds and speculation about future ECB cuts, Rabobank's FX analyst Jane Foley notes.
Technical Analysis
EURCHF
USDCHF
Banks
AUDUSD holds support above 100-hour MA as bulls eye December highs
AUDUSD holds support above 100-hour MA as bulls eye December highs
AUDUSD holds support at prior range highs; bulls look to build on breakout above key MAs
Is the third time a charm? EURUSD buyers take the price above the 200 hour MA
Is the third time a charm? EURUSD buyers take the price above the 200 hour MA
The 200-hour MA for the EURUSD comes in at 1.13469. The price is back above the MA level
USDCAD presses lower but lacks momentum;key ceilings and moving averages keep lid on gains
USDCAD presses lower but lacks momentum;key ceilings and moving averages keep lid on gains
Sellers more in control below the MAs but needs to break below recent lows (and keep downside momentum going).
USDCHF consolidates in a tight range; pressure builds near key moving averages
USDCHF consolidates in a tight range; pressure builds near key moving averages
Range-bound between 0.8195 and 0.8333, with moving averages creating short-term negative bias at 0.8259 area.
GBPUSD continues the upside momentum.  Trades into the upper extreme.
GBPUSD continues the upside momentum. Trades into the upper extreme.
The price of the GBPUSD is above the swing area between 1.33619 to 1.33784
The USD is moving lower vs the major currencies. What technical levels are being broken?
The USD is moving lower vs the major currencies. What technical levels are being broken?
What technical levels in the EURUSD, USDJPY and GBPUSD are being broken on the dollar selling today?
EUR remarkably quiet despite political turmoil in Germany – Scotiabank
EUR remarkably quiet despite political turmoil in Germany – Scotiabank
The Euro (EUR) is quiet and trading within a remarkably tight range, given the broader context of uncertainty and German Chancellor Merz’ failure to secure a majority for his confirmation vote in the German parliament, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD is consolidating in recent range near high – Scotiabank
CAD is consolidating in recent range near high – Scotiabank
The CAD is entering Tuesday’s NA session unchanged vs. the USD, its range tightly bound within a marginally bullish (USD/CAD bearish) trend channel from mid April, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD: Sentiment fragile as German politics hits European equities – Scotiabank
USD: Sentiment fragile as German politics hits European equities – Scotiabank
Markets are generally quiet and G10 currencies are trading in a mixed fashion against the US Dollar (USD), with no clear overriding theme or risk tone as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
DollarIndex
Mexican Peso firms as USD/MXN slips from resistance ahead of Fed
Mexican Peso firms as USD/MXN slips from resistance ahead of Fed
The Mexican Peso (MXN) is rising against the US Dollar (USD) on Tuesday, reversing earlier losses as traders reduced Dollar exposure ahead of Wednesday’s highly anticipated Federal Reserve (Fed) policy decision. 
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
USD/CNH slips below March lows, downtrend resumes – Société Générale
USD/CNH slips below March lows, downtrend resumes – Société Générale
USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the pair’s inability to reclaim 7.30 suggesting further downside risk toward 7.14 and 7.10, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks
AUD/USD rebounds, eyes break above 200-DMA – Société Générale
AUD/USD rebounds, eyes break above 200-DMA – Société Générale
AUD/USD has staged a steady recovery from last month’s lows and is now testing the 200-day moving average, with a breakout above February highs near 0.6410 seen as critical for unlocking further upside toward 0.6550 and beyond, Société Générale's FX analysts note.
Technical Analysis
Banks
AUDUSD
USD/CNH can rise further to 7.2400 – UOB Group
USD/CNH can rise further to 7.2400 – UOB Group
Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700,
Technical Analysis
USDCNH
Banks
USD/JPY has likely entered a consolidation phase – UOB Group
USD/JPY has likely entered a consolidation phase – UOB Group
US Dollar (USD) is expected to trade in a 143.40/144.85 range vs Japanese Yen (JPY). In the longer run, USD has likely entered a consolidation phase and is likely to trade between 142.20 and 146.70 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD faces downside risks despite recent stabilization – Danske Bank
USD faces downside risks despite recent stabilization – Danske Bank
Although the US dollar has found temporary support from equity gains and easing trade tensions, lingering soft data and early signs of labour market weakness suggest the greenback remains vulnerable to a gradual decline, reinforcing a bearish medium-term outlook, Danske Bank's FX analysts report.
Technical Analysis
Currencies
EURUSD
Banks
DollarIndex
NZD/USD: Likely to trade in a range – UOB Group
NZD/USD: Likely to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD