Average Directional Index

EUR/USD has retreated to 1.1575 after touching its highest level since June, with traders assessing shifting Federal Reserve and ECB expectations. Technical traders are watching whether a shooting star pattern triggers a pullback toward 1.1500 or whether a break above 1.1615 revives upside momentum.

AUD/USD traded around 0.7062 after failing to extend gains beyond this week’s high of 0.7090. Market attention is turning to US Producer Price Index data, though traders widely expect it to have limited impact after recent CPI and labor market figures.

AUD/USD is wavering near 0.7062 after the Reserve Bank of Australia held rates at 4.35% and US inflation figures matched expectations. Technical traders are watching a doji candle, head-and-shoulders structure and rising wedge for signs of a possible move toward 0.7000 and 0.6950.

AUD/USD traded in a narrow range around 0.7063 after the Reserve Bank of Australia kept rates unchanged and left traders weighing the chance of another move later this year. Technical signals point to fading momentum, with chart watchers monitoring 0.6900 on the downside and 0.7100 as a key invalidation area for bearish setups.

GBP/USD pulled back to 1.3432 after a recent high of 1.3506 as traders assessed divergent manufacturing data from the United States and the United Kingdom. Technical traders are watching 1.3300 and 1.3600 as the key near-term levels while attention shifts toward upcoming US nonfarm payrolls data.

GBP/USD wavered as traders positioned for upcoming Federal Reserve and Bank of England interest rate decisions. Technical traders are watching whether the pair can rebound toward 1.3450 or slip back to 1.3200.

AUD/USD is holding near its highest level in more than a month after rebounding from this month’s low, but momentum indicators suggest the advance is losing force. Traders are watching Australian employment data, China stimulus expectations and a bearish flag structure for the next directional break.

Bitcoin’s rebound has lost momentum near a closely watched resistance zone, with BTC/USD trading around 63,800 after recovering from a year-to-date low of 58,000. Market participants are weighing oil-driven inflation risks, possible Strategy sales, ETF inflows and key technical levels at 60,000, 65,645 and 67,000.

Bitcoin continued its rebound toward the psychological 64,000 area despite Strategy announcing its biggest Bitcoin sale and spot Bitcoin ETFs extending outflows. Technical traders remain cautious, with 60,000 seen as a key support area and 68,000 viewed as the main upside level in the near term.