FxAnalysis

The Canadian dollar saw short-term strength after the BoC rate cut, but USD/CAD remains poised for a bullish breakout above 1.40 if FOMC guidance favors the greenback.

The FTSE 100 continues its bullish breakout, driven by a weaker pound and expectations of Bank of England rate cuts, with 10,000 as the next key target.

The Canadian dollar rallied post-BoC, but CAD/CHF remains in a strong downtrend, with resistance near 0.58 offering a potential short entry targeting 0.5625.

The DAX continues to find buyers on dips near its 50-day EMA, with support at 23,000 and potential for a breakout above 24,500 toward 25,000.

NZD/USD remains volatile near 0.57725 after a failed breakout, as disappointment over the Fed’s cautious tone keeps bullish ambitions in check.

The USD/JPY pair reverses an intraday slide to the 151.15-151.10 area after the Bank of Japan (BoJ) announced its policy decision and rallies to the highest level since February during the first half of the European session on Thursday.