Forex Daily Forecast, Analysis and Prediction

The fall from last week’s spike higher seems to have slowed to nothing, as the price consolidates above $1.1775.

The US dollar has been falling against the Mexican peso for some time, but the occasional bounce continues to be a thing in this market. That was the case for Wednesday.

The New Zealand dollar has fallen on Wednesday, as we continue to see a bit of consolidation. This is a market that is trying to figure out where to go next at this point.

The FTSE 100 made a fresh high during the trading session on Wednesday, showing that there are plenty of buyers out there waiting to get involved in this index.

The Euro has really seen a bit of soft action over the last couple of days, as the ECB meeting will continue to be in the focus of traders, and the US dollar strengthening has also played a huge part.

The Euro has risen against the Japanese Yen during the trading session here on Wednesday as the interest rate differential continues to be a main driver of things. The ECB meets on Thursday, so be aware that volatility is almost certain to happen.

The NZD/USD exchange rate wavered on Thursday morning as traders focused on the latest jobs numbers from New Zealand and the United States. It was trading at 0.6000, down from the year-to-date high of 0.6090.

The GBP/USD exchange rate retreated sharply from the January high of 1.3876 to the current 1.3660. It dropped as traders waited for the upcoming Bank of England (BoE) interest rate decision.

The BTC/USD pair continued its freefall in the overnight session as investors dumped risky assets after talks between Iran and US stalled. Bitcoin price dropped to a low of $71,735, much lower than the all-time high of 126,300.

The AUD/USD exchange rate pulled back slightly as the post-Reserve Bank of Australia (RBA) jump faded and as geopolitical risks rose. It pulled back to 0.6980, down from this week's high of 0.7050.

The AUD/JPY exchange rate continued its strong rally, reaching its highest level in decades as the ongoing Japanese yen retreat and the hawkish Reserve Bank of Australia (RBA) interest rate decision. It rose to a high of 110.15, up sharply from the 2025 low of 86.

The 0.86 level is an area that I will continue to pay close attention to, as it has been a bit of a floor in this market.

The Nasdaq 100 sees a bit of selling pressure on Wednesday, as it is now testing the critical support level near the 25,000 level.

Traders continue to look at the upside in this pair but face a resistance barrier.

The US dollar continues to rise against the Franc on Wednesday as the Swiss National Bank is trying to turn things around.