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 U.S. currency market yesterday, the U.S. dollar strengthened during U.S. trading hours. GBP/USD fell from 1.3655 to 1.3517, with the decline driven by 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 SMA, and on the daily chart, the price broke below the 20-period MA support line with a full-bodied candlestick 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. 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 BOJ Board Member Masuda of Japan 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.
