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Forex Week Ahead: Key Pairs Eye Next Directional Breakouts

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is currently trading near 0.5222, sitting just above a horizontal support zone around 0.5200–0.5180 that has been repeatedly tested since July. Price action has been consolidating in a tight range over the past three months after a mid-year decline from the 0.5450–0.5500 region.

The 15-day moving average and 20-day moving average are closely aligned and flat, highlighting the lack of directional momentum. This suggests the pair is in a consolidation phase, with traders waiting for a breakout to define the next trend.

On the upside, a rebound from the current support zone would first target 0.5280, followed by a retest of the broader resistance around 0.5350. A sustained close above 0.5400 would confirm bullish momentum and open the path toward the 0.5500 region.

On the downside, a decisive break below 0.5180 would expose deeper supports at 0.5100 and potentially 0.5000, shifting the balance in favour of a bearish continuation.

For now, the pair remains in a neutral consolidation phase — holding above 0.5200 keeps the range intact, but a breakdown would confirm renewed selling pressure.AUD/CHF-Daily Chart

is currently trading near 0.6544, sitting just above a horizontal support zone around 0.6500–0.6470 that has been repeatedly tested since May. After trending lower into early 2025, the pair entered a broad consolidation range through mid-year, capped by resistance around 0.6600–0.6620.

The 15-day moving average remains close to the 20-day moving average, both of which have flattened, reflecting the choppy, range-bound price action. Recent attempts to push higher stalled near 0.6700, where sellers stepped back in.

On the upside, a rebound from current levels would need to clear 0.6600–0.6620 to open the door for a retest of 0.6700, followed by the more significant resistance near 0.6800. Sustained closes above this zone would confirm bullish momentum and shift the medium-term outlook higher.

On the downside, a break and daily close below 0.6470 would expose the April swing low near 0.6350, with further downside risk toward 0.6200 if bearish pressure intensifies.

For now, the pair remains in a neutral consolidation phase, with traders watching the 0.6470–0.6620 range for the next directional breakout.

AUD/USD-Daily Chart

is currently trading near 1.1700, hovering just above a key horizontal support zone around 1.1650–1.1600, which has held since July. The pair has been consolidating sideways after a strong uptrend earlier in the year that carried it from 1.05 in March to highs above 1.19 in July.

The 15-day moving average is crossing just under the 20-day moving average, with both flattening, reflecting waning bullish momentum and the risk of a deeper pullback if sellers gain traction.

On the upside, immediate resistance is seen at 1.1850–1.1900, where previous rallies stalled. A sustained daily close above this zone would confirm a bullish continuation and reopen the path toward 1.20–1.21.

On the downside, a decisive break below 1.1600 would mark a shift in market structure, exposing deeper levels at 1.1450 and potentially 1.13, confirming a medium-term bearish reversal.

For now, the pair is at a critical inflection point — holding above 1.16 keeps the consolidation structure intact, but a breakdown would tilt momentum back in favour of sellers.EUR/USD-Daily Chart

is currently trading near 1.3403, hovering just above a key horizontal support zone around 1.3380–1.3350. This level has acted as both support and resistance multiple times this year, making it an important pivot area for the pair.

The 15-day moving average is flattening against the 20-day moving average, with both converging as price consolidates. This signals fading momentum after a choppy period of sideways trading since August, following the summer rally that topped near 1.3770.

On the upside, if the pair can hold above 1.3380 and rebound, immediate resistance lies at 1.3550, followed by a stronger barrier at 1.3700–1.3770. A breakout above this zone would confirm a bullish continuation toward 1.3900–1.4000.

On the downside, a decisive close below 1.3350 would confirm renewed bearish pressure, exposing levels at 1.3200 and potentially 1.3050, with the risk of a deeper retracement if selling accelerates.

For now, the pair is at a critical inflection point — holding above 1.3380 keeps the consolidation range intact, while a breakdown would suggest downside continuation.GBP/USD-Daily Chart

is currently trading near 1.3940, testing a major resistance zone that has capped price action since March. The pair has been trending higher since July, with steady higher lows confirming a bullish recovery from its earlier downtrend.

The 15-day moving average has crossed above the 20-day moving average, and both are sloping upward, signalling strengthening bullish momentum. This alignment suggests buyers are in control.

Immediate resistance is at 1.3950–1.4000. A daily close above this zone would confirm a breakout, opening upside potential toward 1.4150 and 1.4300.

On the downside, support lies at 1.3800, with stronger levels at 1.3700 and 1.3600. A drop below 1.3700 would weaken the bullish bias.

At present, the pair is bullish, pressing against key resistance. A breakout above 1.4000 would likely extend gains, while rejection here could trigger a short-term pullback.USD/CAD-Daily Chart

is currently trading near 0.7980, recovering slightly after a prolonged downtrend since March. The pair has been consolidating in a sideways range over the past two months, lacking strong directional conviction.

The 15-day and 20-day moving averages are nearly flat and overlapping, showing that momentum is weak and the market is indecisive. However, recent candles are holding above the short-term averages, hinting at a potential shift to bullish momentum if follow-through buying continues.

Immediate resistance is at 0.8050–0.8100, with further resistance near 0.8240. A daily close above 0.8100 would be the first confirmation of a stronger recovery phase.

On the downside, support lies at 0.7900, followed by 0.7800. A break below 0.7800 would expose the pair to deeper losses toward 0.7650.

At present, the pair is neutral-to-bullish, testing resistance after consolidating for weeks. A sustained breakout above 0.8100 would confirm upside momentum, while failure here risks a return to range-bound trading or further declines.USDCHF-Daily Chart

is currently trading around 149.50, pressing against a major resistance zone near 150.00, which has historically acted as a psychological barrier and pivot point for price action.

The 15-day and 20-day moving averages are both sloping upward, confirming short-term bullish momentum. Price has been consolidating for weeks in the 147.00–149.00 band but has now broken higher, indicating renewed buying pressure.

Immediate resistance is at 150.00, followed by 152.00 if the breakout is confirmed. On the downside, support lies at 148.00, and a stronger floor at 146.50. A daily close below 146.50 would signal a potential shift back to range-bound trading or bearish correction.

Momentum remains bullish, but traders should watch for rejection at 150.00. If this level is cleared convincingly, the pair could accelerate toward 152.00–153.00 in the coming weeks.

USD/JPY-Daily Chart

is trading around 17.30, sitting just above a key horizontal support zone at 17.30 – 17.05. This level has acted as a floor multiple times since July, making it crucial for the pair’s next directional move.

The 15-day and 20-day moving averages are trending downward, reflecting ongoing bearish momentum. The pair has been in a steady downtrend since its April high above 19.50, with lower highs and lower lows continuing into September.

Immediate resistance is seen at 17.60, followed by 17.90. On the downside, a decisive break below 17.05 could trigger a deeper decline toward 16.65 – 16.50, extending the bearish trend.

Momentum remains bearish, but given the significance of the current support area, traders should watch closely for either a reversal bounce off 17.30 or a clean breakdown that would open the door to fresh 2025 lows.

USD/ZAR-Daily Chart





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