Forex Daily Forecast, Analysis and Prediction

AUD/USD Forex Signal: 0.7000 Resistance Ahead of US CPI

Bitcoin maintains a bullish outlook as declining US bond yields and Michael Saylor's $100,000 price prediction support market sentiment ahead of US inflation data.

GBP/USD is showing signs of a bullish reversal after finding support near 1.3184, with improving technical indicators suggesting further upside ahead of key US inflation and UK GDP data

EUR/USD has rebounded modestly from recent lows, but the broader bearish outlook remains intact as traders await US inflation data and Federal Reserve commentary.

USD/JPY rebounded from its 200-day EMA on Tuesday as the US-Japan interest rate differential continued to support the dollar.

EUR/AUD remains under bearish pressure as concerns over French debt weigh on the euro, with rallies continuing to face resistance near the 50-day EMA.

USD/CHF continues to attract buyers near the 0.83 level, supported by the interest rate differential between the US and Switzerland.

AUD/USD rallied on Tuesday as easing US Treasury yields supported the Australian dollar, bringing the pair toward the 200-day EMA near 0.6980.

Gold prices remain near the key $4,200 support level, within a broader demand zone extending to $4,000, as easing US Treasury yields offer some relief.

EUR/CHF edged higher on Tuesday as easing French bond yields supported the euro, while the pair consolidated near 0.93 between its 50-day and 200-day EMAs.

USD/JPY edged higher on Monday despite thin holiday trading, as the wide interest rate differential between the US and Japan continued to support the dollar.

Copper prices rallied on Monday as stable US Treasury yields allowed strong demand from AI data centers and ongoing supply constraints to drive buying interest.

EUR/USD tested the key 1.1150 support level before reversing its rebound, as ongoing French debt concerns and elevated US interest rates kept pressure on the euro.

AUD/USD struggled to sustain Monday's rebound as the 200-day EMA continued to act as resistance amid elevated US interest rates.

USD/CAD opened the week higher as weak Canadian employment data and elevated US interest rates continued to support the dollar.