The greenback remains buoyant even as the market anticipates the first set of data from the U.S. side. Consequently, this has helped most major FX pairs maintain the course they have taken since the start of the year.
EUR/USD — Bearish
The EUR/USD market has continued to descend since the start of the year. Price action has remained below the 9-day Exponential Moving Average (EMA). The price candle for the ongoing session appears green but has a very small body.
Meanwhile, the Stochastic Relative Strength Index (SRSI) indicator lines are moving sideways at the lower end of the oversold region. Even with the USD appearing heavier on the fundamental front, the pair may still approach the 1.1650 price level.
GBP/USD — Bearish
In the GBP/USD market, price action is also descending. However, this market still maintains a longer-term upward trajectory. The most recent price candle is noticeably smaller than the previous one but remains above the 9-day EMA curve.
This suggests that bullish forces are attempting to counter the downward retracement. Additionally, the SRSI indicator lines are edging slightly upward toward the 50 level. Consequently, price action may advance toward the 1.3600 price level.
USD/CHF — Bullish
The USD/CHF market continues to recover upward over recent sessions. The latest price candle is positioned above the 9-day EMA curve but is significantly smaller than the previous session’s candle.
Its appearance suggests weakening buying sentiment. Despite this, the SRSI indicator lines remain in the oversold region and are still pointing upward. This suggests that, although some volatility may occur, price action could continue rising toward the 0.8000 price level.
USD/CAD — Bullish
Moving to the USD/CAD market, price action has generally trended upward. However, today’s session differs, as the current price candle appears red. This has pushed the market slightly lower but still keeps price action above the 9-day EMA curve.
At the same time, the SRSI indicator lines have already crossed within the oversold region and are now moving sideways, offering no clear directional signal at present. Nevertheless, with price action holding above the 9-day EMA, the uptrend may extend toward the 1.3850 level.
AUD/USD — Bullish
The AUD/USD market has continued to rise, contrary to earlier expectations. This strength appears to stem largely from a more supportive fundamental outlook. However, today’s trading session has introduced a minor deviation from the prevailing trend. Over the past ten sessions, price action has followed an upward trajectory.
The most recent price candle appears red and highly compressed. Meanwhile, the SRSI indicator lines have maintained their previous upward direction, showing little sign of divergence so far. As a result, it is reasonable to anticipate a push toward the 0.6800 price level.
EUR/JPY — Bearish
In the EUR/JPY market, price action has remained below a key psychological resistance level. Over the past two sessions, the pair has slipped below the 9-day EMA curve and has remained moderately bearish.
Meanwhile, the SRSI indicator lines have fallen deep into the oversold region. Despite this, price action has recorded only modest declines overall. As a result, the market may soon rebound upward from the 182 price level.
USD/JPY — Bearish
The USD/JPY market currently appears to be at a critical juncture. Over the past eight sessions, the pair has traded largely sideways, maintaining its position above the 9-day EMA curve.
The ongoing session is bearish and keeps price action close to the 9-day EMA. The SRSI indicator has produced a clear downward crossover, with its lines descending toward the 20 level. Nevertheless, this market appears to be setting up for a potential rebound toward the 157 price level.
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Weekly Analysis of Major FX Pairs (December 31, 2025 – January 6, 2026)
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