EUR/USD, USD/CAD, and AUD/USD Forecasts – Major Pairs Test Key Moving Average Bounds

EUR/USD, USD/CAD, and AUD/USD Forecasts – Major Pairs Test Key Moving Average Bounds

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/eur-usd-usd-cad-aud-133246946.html
Published: Jul 16, 2026 9:32 AM

EUR/USD Technical AnalysisThe EUR/USD daily chart shows continued sideways action between 1.1400 support and 1.1500 resistance. Source: TradingView. The Euro has tried to rally against the US dollar but is starting to drift a little bit lower from the stretch higher early on Thursday. This is a market that continues to see a lot of short-term sideways action, but quite frankly doesn't seem to have a reason to break out yet. The 1.14 level continues to be an area of interest and support just as the 1.15 level seems to be resistant. It now has the 50-day EMA there, causing some resistance as well, and until we get some type of clarity about the global economy and the war, traders seem to be a...

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.