Weekly FX Outlook: EUR/USD, USD/JPY, AUD/USD, USD/CAD Key Setups
Technical analysis reveals high-probability setups across major pairs for the week ahead, with EUR/USD testing critical 1.1000 support after failing at 1.1050 resistance. USD/JPY shows bullish continuation patterns targeting 152.50 after breaking above 151.00, supported by diverging central bank policies. AUD/USD remains in a downtrend channel between 0.6450-0.6550, with RBA pause expectations and China concerns weighing. USD/CAD consolidates near 1.3600 as oil volatility and BoC rate differential create range-bound conditions. Key events include US CPI (Wednesday), ECB minutes (Thursday), and UK GDP (Friday). Technical indicators favor USD strength with DXY above 101.00, though oversold conditions in EUR/USD and AUD/USD suggest potential bounces. Traders should focus on breakout levels: EUR/USD below 1.0980, USD/JPY above 152.00, AUD/USD below 0.6450, and USD/CAD above 1.3650 for directional trades.
Related Symbols:
EURUSD
USDJPY
AUDUSD
USDCAD
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