Forex Daily Forecast, Analysis and Prediction

USD/ZAR trades near December lows with cautious bearish momentum, as financial institutions await US CPI data to confirm weaker dollar expectations.

USD/MXN continues its bearish trend near the 19.00000 inflection point, with traders eyeing upcoming US inflation data that could reinforce dollar weakness.

The Swiss franc is poised to break out above ¥177 against the Japanese yen, signaling potential strength to ¥180 and broader yen weakness as Japan’s bond market stumbles.

Ethereum rallied with Bitcoin on Monday, holding key support near $2400 and eyeing a bullish breakout toward $2800–$3200 if Bitcoin breaks above $112,000.

The US dollar is consolidating after a sharp selloff, with key support between 0.81–0.82 and potential for a bullish reversal if 0.83 breaks to the upside.

Copper rallied 1.11% on Monday, challenging the $5 resistance level within a $4.50–$5.00 range, as traders eye a potential breakout amid growth and inflation optimism.

The Australian dollar continues to rally against the yen, trading within a ¥92–¥96 range as rate differentials and potential Japanese QE support a bullish bias.

The euro rallied early against the US dollar but now shows signs of exhaustion near 1.15, suggesting likely sideways movement unless key levels at 1.12 or 1.15 break.

Bitcoin continues to attract buyers near $110K, with strong support around $100K and momentum building for a breakout above $112K toward $120K in the long term.

Silver surged above key resistance at $35.48, with historical highs and growing industrial demand supporting a bullish outlook despite likely short-term pullbacks.

The British pound is pressing against key resistance near 196.50 yen, with traders buying dips amid Japan's bond market stress and targeting 199–200 yen on a breakout.

Gold remains in a bullish uptrend with strong support near $3,200 and potential to break above $3,500, as dip-buying persists amid global economic concerns.

Bitcoin (BTC) posted a solid recovery over the last 24 hours, rising as much as 2.5% to an intra-day high of $107,974 on June 9.

AUD/USD continues a slow uptrend supported by technical patterns and a weaker USD, with traders eyeing US inflation data and trade negotiations with China.

Bitcoin surged above $108K, fueled by ETF inflows and reduced exchange supply, with a bullish cup-and-handle pattern pointing toward a potential break above $112K.