Will the U.S. dollar, which has been gaining strength in U.S. trading hours, continue to rise, or should we wait and see which direction it takes?

Will the U.S. dollar, which has been gaining strength in U.S. trading hours, continue to rise, or should we wait and see which direction it takes?

06.02.2026

In yesterday’s U.S. trading session, the U.S. dollar strengthened. GBP/USD fell from 1.3655 to 1.3517, encountering resistance at the 10-period moving average (MA) on the hourly chart.On the 4-hour chart, the price temporarily broke below the 200-period simple moving average (SMA) support line, and on the daily chart, the price broke below the 20-period moving average (MA) support line with a solid body candle without pausing. Notably, during today’s Asian session, the price has recovered to around the 38.2% retracement level of yesterday’s decline.

Among European currencies, the Swiss franc strengthened in tandem with the U.S. dollar. The CHF/JPY pair rose from 201.386 to 202.337. It moved from the -2σ to the +2σ level on the hourly Bollinger Bands.On the 4-hour chart, an uptrend has formed along the 10-day moving average, and on the daily chart, the RSI has risen from 55 to 63, reaching a new all-time high. During today’s Asian trading session, the pair is attempting to rise again while consolidating at lower levels.

Today’s schedule includes remarks by RBA Governor Block at 7:30 AM, remarks by BOJ Board Member Masuda at 10:30 AM, Japan’s Leading and Coincident Economic Indices at 2:00 PM, Germany’s Industrial Production and Trade Balance, and the UK’s Halifax House Price Index at 4:00 PM, France’s Trade Balance and Current Account at 4:45 PM,at 5:00 PM, the Swiss unemployment rate; at 9:15 PM, remarks by MPC member Pill of the UK; at 10:30 PM, Canadian employment statistics; at 12:00 AM, the Canadian Ivey PMI and the University of Michigan Consumer Sentiment Index; at 2:00 AM, remarks by Fed Vice Chair Jefferson of the US; and at 5:00 AM, US consumer credit balances.I want to wait and see whether the US dollar, which has been firming in US trading hours, will continue to extend its gains.