EUR/USD:
The EUR/USD pair surged above a significant retracement level—61.8% of the move from the December high—reaching a key resistance zone between 1.0448 and 1.0461. This breakout has shifted the bias toward the bullish side, making this area a critical barometer for the upcoming trading week. Traders will be watching this level closely to gauge whether the upward momentum can be sustained.
USD/JPY:
The USD/JPY pair has been stuck in a volatile range for the past week and a half, oscillating between 154.77 and 156.73. A notable level in this range is the 38.2% retracement at 154.939, which was briefly breached but failed to gain momentum to the downside. The market has been indecisive here, with both buyers and sellers vying for control.
GBP/USD:
The GBP/USD experienced strong upside movement on Friday, breaking through critical retracement levels of 38.2% at 1.23689 and 50% at 1.2453 from the December high. This sharp rally marks a significant shift in momentum, positioning the pair for potential continuation into the new week. Traders will look for follow-through above these levels for further bullish signals.
USD/CHF:
The USD/CHF pair has been battling with key moving averages in recent days. After testing the 100-hour moving average (MA) and briefly breaking above it, the price faced resistance at the 200-hour MA and fell back on Thursday. Despite testing the 100-hour MA again on Friday, the pair failed to break through. However, it did not extend below the 38.2% retracement of the December low, indicating that the market is still in a tug-of-war between buyers and sellers. Watch for further action at these key technical levels.
USD/CAD:
The USD/CAD remains in a wide trading range between 1.42899 and 1.4466, a span of 177 pips since December 17. Volatility increased this week due to geopolitical events surrounding the inauguration and tariff discussions, but neither the break higher nor the break lower sustained. Currently, the price is settling within the range and below both the 100- and 200-hour moving averages, which gives a slight bearish tilt into the weekend. The market will likely continue to be range-bound unless one side breaks decisively.
AUD/USD:
The AUD/USD pushed above a key resistance zone and the 38.2% retracement of the move down from the November 25 high (between 0.62874 and 0.6306) on Friday. The corrective low on Friday saw buyers stepping in, suggesting that there is potential for further upside momentum. The market will look to see if these buyers can maintain their position and drive the pair higher in the coming week.
NZD/USD:
The NZD/USD extended above the 38.2% retracement of the move down from the November 29 high, breaking through a key swing area between 0.5683 and 0.5691. This move has tilted the market in favor of the buyers as the pair heads into the new trading week. The critical question is whether the bulls can sustain this momentum or if the pair will struggle to hold these higher levels.
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