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Should We Keep an Eye on the Euro’s Upside Potential Against the Australian Dollar?

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Should We Keep an Eye on the Euro’s Upside Potential Against the Australian Dollar?

07.07.2025

Today's Highlights
  1. Germany: Industrial Production
  2. Japan Economic Trends Index

Last weekend, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 106.705 to 106.103. It fell from above the 20-period moving average on the hourly chart to below it.On the 4-hour chart, the pair pulled back after touching the +3σ line of the Bollinger Bands, and the daily chart is showing a similar price movement to the 4-hour chart. We will be watching price action during U.S. trading hours to see if the Canadian dollar shows signs of recovery at the start of the week.

Among European currencies, the euro rose against Oceania currencies.The EUR/AUD pair rose from 1.7880 to 1.7990. An uptrend has emerged along the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, prices have surged from the -3σ to the +3σ levels of the Bollinger Bands, and on the daily chart, the uptrend is continuing, supported on the downside by the 10-period MA.

Today’s economic indicators include Japan’s Monthly Labor Survey at 8:30, Japan’s Economic Sentiment Index at 14:00, and Germany’sIndustrial Production at 15:00, remarks by German Bundesbank President Nagel at 17:00, UK Halifax House Price Index, and Eurozone Retail Sales at 18:00. I want to carefully monitor the euro’s upside potential following its rise against the Australian dollar.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

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Should We Be Wary of the Upside Potential for the U.S. Dollar, Which Has Been Gaining Ground Since the End of the Long Holiday?
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