Will the euro, which has been weakening against the Oceania currencies, show signs of recovery? All eyes are on its resilience.

Will the euro, which has been weakening against the Oceania currencies, show signs of recovery? All eyes are on its resilience.

17.02.2026

In yesterday's U.S. currency trading, the U.S. dollar rose against the Swiss franc. The USD/CHF pair climbed from 0.7666 to 0.7704, finding support at the 20-period moving average on the hourly chart as it trended higher.On the 4-hour chart, price action is searching for direction just below the 20-period moving average, while the daily chart appears to be forming a double bottom near the RSI 40 level. Meanwhile, during today’s Asian trading session, price action remains indecisive and is in a state of equilibrium.

Among European currencies, the euro fell against the Australian dollar.The EUR/AUD pair fell from 1.6813 to 1.6718. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, price action is seen searching for direction as it moves across the 20-period MA, while on the daily chart, the downtrend that began in early last month continues along the 10-period MA. Additionally, on the weekly chart, the pair is attempting to break below the support line provided by the 200-period exponential moving average (EMA).

Today’s economic indicators include the release of the RBA minutes at 9:30 AM (AEST), Japan’s Tertiary Industry Activity Index at 1:30 PM (JST), the UK unemployment rate and Germany’s Consumer Price Index at 4:00 PM (JST), the German ZEW Economic Sentiment Survey and the Eurozone ZEW Economic Sentiment Survey at 7:00 PM (JST), and Canada’s Consumer Price Index and Wholesale Sales at 10:30 PM (JST),Canada’s International Securities Turnover, and the U.S. NY Fed Manufacturing Index; at 12:00 AM, the U.S. NAHB Housing Market Index; at 2:45 AM, remarks by a member of the Federal Reserve Board; and at 4:30 AM, remarks by the President of the Federal Reserve Bank of San Francisco. We will be watching for signs of a rebound in the euro, which has been weakening against the Oceania currencies.