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USD/CHF Price Forecast: Bulls have the upper hand above 0.8000 resistance-turned-support
The USD/CHF pair struggles to capitalize on a modest intraday uptick on Wednesday and trades around the 0.8060 area during the early European session, just above the weekly low touched the previous day.
Fxstreet
Thu, Jul 16
British Pound: Rally resumes toward key resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD has surged to a two‑month high, with deeply overbought conditions but scope for further gains. Intraday, upside is seen limited to a test of 1.3560 while holding above 1.3480.
Fxstreet
Thu, Jul 16
AUD/USD Price Forecast: Trades around 0.7000 after pulling back from 50-day EMA
AUD/USD edges lower after two days of gains, trading around 0.7000 during the early European hours on Thursday. The technical analysis of the daily chart shows that the pair is moving upwards within the ascending channel pattern, suggesting an emerging bullish bias.
Fxstreet
Thu, Jul 16
Canadian Dollar weakens as traders brace for US Retail Sales data
The USD/CAD pair recovers some lost ground to around 1.4045, snapping the seven-day losing streak during the early European session on Thursday. Markets turn cautious amid heightened tensions in the Middle East and ahead of the US June Retail Sales data later on Thursday.Fxstreet
Thu, Jul 16
New Zealand Dollar holds gains around 0.5850, favoured by a softer US Dollar
The New Zealand Dollar (NZD) has retraced previous losses and extends gains for the third consecutive day against the US Dollar (USD) on Thursday. The NZD/USD pair has reached the 0.5850 area, supported by a weakening Greenback, as markets dial down hopes of a Federal Reserve rate hike in July.
Fxstreet
Thu, Jul 16
Euro: Bullish bias builds above key support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken above prior resistance, with rapid gains seen up to 1.1482. Intraday, the pair is seen capable of testing 1.1490 while staying below significant resistance at 1.1520.Fxstreet
Thu, Jul 16
USD/JPY Price Forecast: Dollar eases to 162.00, forming a triangle pattern
The US Dollar (USD) holds marginal losses against the Japanese Yen (JPY) at Thursday’s European session opening, and approaches the 162.00 area at the time of writing. Recent price action shows a sequence of lower highs and higher lows, forming a triangle pattern.
Fxstreet
Thu, Jul 16
Indian Rupee extends decline amid elevated oil prices
The Indian Rupee (INR) opens lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows.
Fxstreet
Thu, Jul 16
Euro consolidates near four-week top, above mid-1.1400s amid mixed Fed cues, geopolitics
The EUR/USD pair holds steady above the 1.1450 level during the Asian session on Thursday and consolidates its strong gains registered over the past two days, to the highest level since June 18.Fxstreet
Thu, Jul 16
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