Forex Daily Forecast, Analysis and Prediction

USD/INR Plunges Below 95 as Rupee Strength Surprises Markets

USD/JPY has pulled back sharply toward the 158 support area after suspected Bank of Japan intervention. The 200-day EMA and rising trendline are helping stabilize the pair, while a recovery above 160 could reopen the path toward 162.

EUR/CAD continues to trade sideways, with 1.60 acting as key support and 1.62 capping the upside. Traders are watching for a potential bounce as momentum nears oversold territory ahead of Canadian and US jobs data.

EUR/AUD remains under bearish pressure as sellers defend rallies and the pair approaches the crucial 1.60–1.61 support zone. A break below 1.60 could accelerate losses, while a sustained recovery above 1.66 would be needed to improve the longer-term outlook

GBP/CHF is struggling to break above the 1.10 barrier, but the broader carry trade setup still favors the pound. A pullback toward 1.0933 could attract buyers, with 1.0820 as the stop level and 1.1120 as the upside target.

AUD/USD remains near recent highs after resilient Australian growth data, but technical signals point to downside risk. A rising wedge, bearish PPO crossover and divergence keep 0.7050 in focus ahead of the US NFP report.

BTC/USD is holding near crucial support as rising bond yields, a stronger US dollar and tighter Fed expectations weigh on sentiment. Bearish momentum is building, with a break below $76,250 potentially opening the way toward $70,000.

EUR/USD remains under pressure ahead of the August US nonfarm payrolls report after weaker private-sector hiring data. A bearish flag and resistance from the descending trendline keep the downside in focus, with 1.1500 the key target.

GBP/USD Price Outlook as Dollar Strength Pressures Sterling

USD/CHF has erased its recent sharp selloff and is pushing higher as rising US yields and the wide US-Swiss rate differential support the dollar. The 0.82 level is the next key upside target, while the 50-day EMA near 0.8065 remains important support.

Bitcoin tests $77,000 as on-chain momentum turns positive. A move above $80,000 could confirm a recovery, while failure risks a pullback toward $74,000.

USD/CAD has benefited from the widening yield spread between US and Canadian bonds, creating a structural advantage for dollar longs that institutional investors have aggressively exploited.

USD/JPY remains near the crucial 160 level and 50-day EMA as the US-Japan rate differential continues to support the carry trade. Intervention risk remains a concern, while Friday’s US jobs report could provide the next major catalyst.

AUD/CHF has pushed above the 0.5800 level as the Australian dollar benefits from a favorable rate differential against the Swiss franc. The broader bias remains bullish, with 0.5990 as the upside target and 0.5700 marking key support.

WTI Crude Oil Surges Above $91 on Middle East Escalation