USD/CHF Forecast: Support as Traders Eye Fed
USD/CHF trades around the key 0.80 level, with structural support below and the potential for Swiss National Bank intervention helping limit downside ahead of next week’s Fed rate decision.
USD/JPY Forecast: Slips as Fed Rate Cut Bets Mount
USD/JPY faded after an early rally on Thursday as traders priced in a Fed rate cut, though the broader uptrend remains intact with key support near ¥153 and rising Japanese yields creating near-term uncertainty.
EUR/GBP Forecast: GBP Strength Builds
EUR/GBP gave up early gains on Thursday, failing at the 50-day EMA as pound strength and a potential topping pattern suggest a move toward 0.87 or even 0.86.
BTC/USD Forecast: Same Resistance Area
Bitcoin remains stuck near $92,500 as resistance holds firm; traders eye potential double bottom but await clearer signals before calling a bullish breakout.
USD/CAD Forecast: Sits at Support
USD/CAD sits on 200-day EMA support as traders await Canadian jobs data and next week’s Fed rate decision, with 1.40 acting as key upside resistance in a choppy trading range.
