Forex Daily Forecast, Analysis and Prediction

USD/JPY bounced back above the 50-day EMA after testing ¥146.50, with the pair likely to stay choppy until the Fed’s September 17 meeting.

GBP/CHF rebounded from 1.07 support, with risk appetite likely to decide if the pair can push above 1.08 and the 50-day EMA near 1.0845.

USD/MXN found support at 18.50 as traders weigh weak US jobs data and Mexico’s reliance on US demand, with volatility likely before a decisive breakout.

NZD/USD struggled to hold above 0.5950, with RBNZ rate cuts and global trade risks pointing toward 0.5850 support unless buyers reclaim 0.60.

USD/CAD is consolidating near 1.38, with divergent jobs data and a sluggish oil market favoring a bullish breakout above the 200-day EMA toward 1.4025.

The euro failed for the third time at the 1.18 resistance barrier, keeping EUR/USD stuck in its 1.16–1.18 range as traders await key ECB and Fed updates.

Ethereum remains range-bound between $4,200 and $4,500, with a breakout above resistance needed to fuel a push toward $5,000.

The British pound faces heavy resistance at 1.36, with traders weighing U.S. recession risks against a potential breakout toward 1.38.

Bitcoin remains stuck near $113,000 resistance, with traders weighing Fed rate cut risks against the potential for a grind higher toward $120,000.

AUD/USD slipped back from resistance at 0.6630, with traders cautious on Australia’s reliance on China and renewed U.S. dollar resilience.

The price is rising from a new support level established at $1.3519, which is likely to be today’s pivotal zone down to the round number at $1.3500.

AUD/USD is consolidating near 0.6585, with technicals favoring a push toward 0.6700 as traders await US inflation data and the Fed’s next move.

BTC/USD is consolidating near $112K, with weak US labor data and looming inflation reports raising the risk of a bearish breakout toward $107K support.

The EUR/USD pair remains bullish despite a pullback, with Fed rate cuts and steady ECB policy likely driving a push toward the 1.200 level.

Gold surged to a record $3,659 per ounce on Tuesday, with Fed rate cut bets keeping XAU/USD bullish toward the $3,700 mark despite overbought signals.