EURUSD: The EURUSD has broken decisively lower, falling beneath both the 200- and 100-hour moving averages in the past two hours without much corrective retracement. Selling pressure has also pushed the pair below the converged 100- and 200-bar moving averages on the 4-hour chart near 1.1640, as well as the 50% midpoint of the July trading range at 1.16098.
USDJPY: The USDJPY has pushed back above both its 200- and 100-hour moving averages at 147.49 and 147.646, easing some of the bearish pressure from Friday’s sharp decline. The focus now shifts to a swing area between 147.95 and 148.166, which also includes the 38.2% retracement of the August trading range at 148.00. A break through that zone would strengthen the bullish bias and open the door to further recovery.
On the downside, the 100-day moving average at 1.34214 is the next critical target. Last Friday—just ahead of Powell’s speech—the pair briefly fell below that level for the first time since August 7, only to snap back higher on the headlines. A return below the 100-day average this time would add to the bearish tilt and reinforce seller control.
USDCAD: The USDCAD is rebounding from support between 1.38127 and 1.38315, with the pair now trading near 1.3860. On the upside, the immediate target comes in at the August 1 high at 1.38785, followed by a swing area between 1.3891 and 1.3904. Beyond that sits the 38.2% retracement at 1.39229—a level that capped gains just ahead of Powell’s speech on Friday, when sellers reemerged.
On the downside, it would take a break back below 1.38127 and the rising 100-bar MA on the 4-hour chart at 1.38018 to shift the bias more convincingly toward sellers. Until then, buyers maintain the near-term edge.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usd buying continues its march new highs for the greenback versus most major currencies was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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