Should we keep an eye on the upside potential of the firming Oceania currencies?

Should we keep an eye on the upside potential of the firming Oceania currencies?

23.01.2023

Last weekend, U.S. currencies strengthened against the yen but were pressured by Oceania currencies, with the AUD/USD pair rising by approximately 80 pips from 0.6906 to 0.6994.The AUD/USD pair has been following an uptrend that began on October 13 of last year, consistent with Dow Theory, and has recently been rising with support from the 20-day moving average on the daily chart. We will monitor recent price movements to carefully assess whether the Australian dollar will continue to strengthen against the U.S. dollar.

Among European currencies, the Swiss franc was the weakest, and the CHF/JPY pair traded in a range between 140.061 and 141.552. Although the CHF/JPY has continued its rebound from January 16 on the 4-hour chart, it is important to keep in mind that the downtrend is likely to persist until the pair breaks above the recent high of 142.444 with a solid candle.

Today, at 16:00 CET, the Turkish Consumer Confidence Index will be released, followed by Philippine Industrial Production and Philippine Retail Sales at 18:00,and the Philippine Consumer Price Index at 18:00 European time, as well as the Canadian New Home Price Index at 22:30 U.S. time, the Eurozone Consumer Confidence Index and U.S. Leading Economic Index at 24:00, the U.S. 6-month Treasury bill auction at 25:30, and remarks by ECB President Lagarde at 26:45. We will carefully monitor the upside potential of the currently firm Oceania currencies.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 14.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?