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AUD/CHF is currently trading around 0.5233, consolidating after recovering slightly from recent lows near 0.5170. Earlier in the year, the pair staged a rebound off its April troughs, climbing toward 0.5380, but has since struggled to build sustained momentum, slipping into a tight range through June to August.
The short-term picture shows the 15-day moving average and 20-day moving average converging and running almost flat, highlighting the lack of strong directional momentum. Price action over the past several weeks has been capped near the 0.5270–0.5280 region, with buyers unable to push beyond, while dips toward 0.5170 have attracted modest support. This equilibrium reflects indecision, with neither bulls nor bears firmly in control.
Looking ahead, a decisive break above 0.5280 would strengthen the bullish case, potentially opening the path toward 0.5380–0.5400 resistance. Conversely, sustained weakness below 0.5170 would signal renewed downside risk, exposing the 0.5100 handle and possibly retesting April lows.
For now, the bias is neutral to mildly bearish, given the capped upside and the flattening SMAs, but the pair remains at a crossroads, awaiting a breakout catalyst.
AUD/USD is currently trading around 0.6217, holding steady after rebounding from the April low near 0.5900. The pair had been in a persistent downtrend from late 2024 into early 2025, but since April it has staged a recovery, grinding higher and stabilizing above the 0.64–0.6500 range over the past few months.
The 15-day SMA and 20-day SMA are running close together and largely flat, reflecting consolidation after the prior rally. Price action has repeatedly tested the 0.6537 region, a key horizontal level that previously acted as both support and resistance. For now, this area remains the key barrier to further upside momentum.
On the upside, a sustained breakout above 0.6537 would confirm bullish continuation, potentially targeting 0.6700 and later 0.68–0.7000 as resistance zones. On the downside, failure to hold above 0.6200 would expose the pair back to the 0.6050–0.6000 support region, with a deeper risk of retesting the April lows near 0.59 if selling accelerates.
For now, the bias is cautiously constructive as long as price holds above 0.6200, but bulls need to decisively reclaim 0.6537 to confirm renewed upside momentum.
EUR/USD is currently trading around 1.13288, consolidating just below the 1.1686 resistance zone. Over the past few months, the pair has staged a steady uptrend from its March lows, with price action reclaiming both the 15-day and 20-day SMAs, which remain upward-sloping, confirming a constructive medium-term bias.
The bullish momentum slowed after the July peak near 1.1929, with sellers defending that zone and forcing the pair into sideways consolidation between 1.1500 and 1.1700. The SMAs have flattened slightly, signalling a cooling in momentum, but the fact that price remains above both averages indicates underlying demand.
On the upside, a decisive close above 1.1686 would likely re-ignite bullish momentum, with the next resistance coming in at 1.1800–1.1930. Clearing this zone would open the path toward 1.2000+, a psychological threshold last tested over a year ago.
On the downside, support rests around 1.1500, where the 15-day SMA is also converging. A break below this level could trigger deeper retracements toward 1.1350 and later 1.1200, which would risk shifting the broader structure neutral.
For now, the pair remains constructively bullish above 1.1500, but traders will be watching for a breakout above 1.1686 to confirm the next leg higher.
GBP/USD is currently trading around 1.2709, consolidating after testing resistance near 1.2770 earlier in August. That rejection highlights lingering selling pressure around the 1.2770 zone, which continues to cap upside momentum.
The 15-day SMA is sitting just under the 20-day SMA, leaving the short-term bias neutral to slightly bearish as price struggles to gain traction. Both moving averages are relatively flat, reflecting indecision in the market.
On the upside, bulls need to reclaim 1.2770 decisively to open the way toward 1.2900, with further extension possible to 1.3050, where rallies have historically been capped.
On the downside, initial support rests around 1.2600, followed by 1.2500. A break beneath these zones would expose the pair to 1.2380, aligning with prior demand from earlier in the year.
For now, the pair remains in a neutral-to-cautiously bearish range. A sustained move back above 1.2770 would confirm renewed upside momentum, while a failure below 1.2600 would shift control to the sellers.
USD/CAD is currently trading around 1.3737, slipping lower after stalling near the 1.3900 level earlier in August. The rejection from that region shows that sellers remain active on rallies, with the pair now sliding back toward a key pivot area around 1.3730.
The 15-day SMA has crossed below the 20-day SMA, reflecting a shift toward short-term bearish momentum. Both moving averages are now sloping downward, signalling that the bias has turned cautious after weeks of sideways-to-upward consolidation.
On the upside, bulls would need to reclaim the 1.3850–1.3900 zone to re-establish momentum, potentially targeting 1.4000 and then 1.4140, which capped gains in April.
On the downside, a firm break below 1.3730 would expose the next supports at 1.3620, followed by 1.3520. A sustained move under 1.3500 could open a deeper retracement toward the 1.3350–1.3400 region.
For now, the pair has shifted to a neutral-to-bearish structure, with sellers in control unless the pair recovers back above 1.3850. A decisive move below 1.3730 would reinforce the bearish case.
USD/CHF is currently trading around 0.8004, sitting just above the key 0.8000 psychological level after months of persistent downside pressure. The pair has been unable to mount any meaningful recovery since April’s sharp decline, instead grinding sideways in a low-volatility consolidation.
The 15-day SMA is still below the 20-day SMA, keeping the short-term structure tilted bearish. Both moving averages are also flat and clustered tightly around price, reflecting the lack of momentum and the market’s indecision near current levels.
On the upside, the first major hurdle is at 0.8150–0.8200, where rallies have consistently stalled since June. A sustained close above that zone would be needed to signal recovery potential, opening the path toward the 0.8350–0.8450 resistance band.
On the downside, 0.8000 remains the key pivot. A daily close below this mark would confirm renewed bearish pressure, exposing the next support at 0.7850 and potentially 0.7700 if weakness accelerates.
For now, the pair remains in a fragile consolidation, leaning bearish as long as it holds under 0.8150. Traders will likely look for a decisive break of the 0.8000–0.8150 range to determine the next directional move.
USD/JPY is currently trading around 147.03, consolidating after struggling to break decisively above the 148.00 zone over the past several weeks. The pair has been trapped in a sideways range, with both bulls and bears lacking momentum.
The 15-day SMA is marginally below the 20-day SMA, reflecting a mild bearish bias in the short term. Both moving averages have flattened, further confirming the lack of clear direction and suggesting that the pair is in a wait-and-see mode.
On the upside, buyers need to push the pair above 148.50–149.00, which has acted as strong resistance since late July. A breakout above this region could open the way toward the 150.00–151.00 resistance zone, where sellers have capped gains in the past.
On the downside, initial support is seen near 146.00, with stronger levels at 144.50 and 143.00 if selling pressure intensifies. A sustained close below 146.00 would tilt the bias more bearish, exposing the lower supports.
For now, the pair remains in a neutral-to-bearish consolidation, with traders awaiting a clear break above 148.50 or below 146.00 to set the next trend direction.
USD/ZAR is currently trading around 17.62, consolidating after a prolonged downtrend from the April highs near 19.90. The pair has been oscillating within a broad range since June, with the 17.45–17.90 zone acting as the key pivot area.
The 15-day SMA remains just below the 20-day SMA, reflecting a slightly bearish short-term structure. Price action over the past weeks shows repeated failures to sustain above 17.90, confirming it as strong resistance. However, the downside has also been cushioned near 17.45, showing buyer interest at lower levels.
On the upside, a decisive break above 17.90 would signal that bulls are regaining control, potentially opening a move toward the 18.20–18.50 region, where prior rallies stalled.
On the downside, a drop below 17.45 could trigger a deeper decline, with the next supports near 17.20 and then 16.90, levels last seen before the April rally.
For now, the pair remains range-bound between 17.45–17.90, with traders watching for a breakout to define the next trend direction. A close outside this band will likely set the tone for the September outlook.
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