FxAnalysis

USD/CAD remains range-bound between 1.39 and 1.4150, with support from key moving averages and U.S. economic strength giving the pair a slight bullish bias.

GBP/USD faces bearish pressure below the 1.32 level amid technical resistance and expectations that U.S. economic strength will outpace the U.K., keeping the dollar favored.

USD/CHF is supported by a wide US–Swiss interest rate differential and Swiss National Bank concerns over franc strength, with pullbacks seen as buying opportunities above the 0.8000 level.

BTC/USD rebounds sharply above $92,000, forming a bullish engulfing pattern amid policy optimism and ETF demand, with a potential upside target of $96,000.

GBP/USD retreats to 1.3200 as bearish technical signals align with growing expectations of rate cuts from the BoE and Fed, pointing to a possible drop toward 1.3100.

EUR/USD remains flat near 1.1600 as bullish momentum fades, with traders eyeing Lagarde’s speech and key economic data for direction amid rising rate cut expectations.