USD/CAD Forecast: Tests Major Resistance
The US dollar gained ground against the Canadian dollar on Thursday, breaching the 50-Day EMA and threatening a breakout above the key 1.38 resistance level.
USD/ZAR Forecast: Eyes Break Above 200-Day EMA
The US dollar continues to consolidate against the South African rand, with a breakout above the 200-Day EMA at 18.16 potentially opening the door to 18.50.
Silver Forex Signal: Strong Uptrend
Silver rebounded strongly on Thursday after retesting the $37.50 breakout zone, reaffirming bullish momentum with a near-term upside target of $39.50.
GBP/JPY Forecast: Risk Appetite Lifts Sterling
The British pound rallied against the yen on Thursday, targeting a breakout above the ¥200 psychological barrier as improving risk appetite fuels upside momentum.
USD/JPY Forecast: BOJ Risks Weigh on Yen
The US dollar rebounded against the yen on Thursday, holding above the 200-day EMA as yield differentials and Japanese bond market troubles support further upside.
