Will the U.S. dollar, which has been firming in U.S. trading hours, continue to rise, or should we wait and see which direction it takes?
06.02.2026
- Remarks by RBA Governor Block of Australia
- University of Michigan Consumer Sentiment Index
In the previous day’s U.S. trading session, the U.S. dollar strengthened. GBP/USD fell from 1.3655 to 1.3517, declining as it encountered resistance at the 10-period moving average (MA) on the hourly chart.On the 4-hour chart, the price temporarily broke below the support line formed by the 200-period simple moving average (SMA), and on the daily chart, the price broke below the 20-period moving average (MA) support line with a real-body candle without pausing. Notably, during today’s Asian trading 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 franc/yen pair rose from 201.386 to 202.337. It moved from the -2σ to the +2σ levels on the hourly Bollinger Bands.On the 4-hour chart, an uptrend is developing along the 10-period moving average (10MA), and on the daily chart, the RSI has risen from 55 to 63, reaching a new all-time high. Meanwhile, during today’s Asian trading session, the pair is consolidating at lower levels while attempting to rise again.
Today’s schedule includes remarks by RBA Governor Block of Australia at 7:30, remarks by Bank of Japan Board Member Masuda at 10:30, Japan’s Leading and Coincident Economic Indices at 14:00, and Germany’sIndustrial Production, Germany’s Trade Balance, and the UK’s Halifax House Price Index; at 16:45, France’s Trade Balance and Current Account; at 17:00, Switzerland’s Unemployment Rate; at 21:15, remarks by MPC member Pill of the UK; at 22:30, Canada’s Employment Statistics;at 24:00, Canada’s Ivey Purchasing Managers’ Index and the U.S. University of Michigan Consumer Sentiment Index; at 26:00, remarks by U.S. Federal Reserve Vice Chair Jefferson; and at 29:00, U.S. consumer credit balances.I’d like to wait and see whether the U.S. dollar, which has been firm in U.S. trading hours, will continue to extend its gains.
