Will the euro, which has been weakening against the Oceania currencies, recover? All eyes are on its resilience.

Will the euro, which has been weakening against the Oceania currencies, recover? 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 rose from 0.7666 to 0.7704, moving higher while finding support at the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the price is consolidating just below the 20-period moving average, searching for direction, while on the daily chart, it appears to be forming a double bottom near the RSI level of 40. Meanwhile, during today’s Asian trading session, price action remains indecisive and range-bound.

Among European currencies, the euro fell against the Australian dollar. The EUR/AUD pair dropped from 1.6813 to 1.6718. On the hourly chart, the price 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 back and forth across the 20-period moving average (MA), while on the daily chart, the downtrend that began in early last month continues along the 10-period MA. Meanwhile, on the weekly chart, the pair is attempting to break below the support line formed by the 200-period exponential moving average (EMA).

Today’s economic indicators include the release of the RBA minutes at 9:30, Japan’s Tertiary Industry Activity Index at 13:30, the UK unemployment rate and Germany’s Consumer Price Index at 16:00, and Germany’s ZEW Economic Sentiment Survey and the Eurozone ZEW Economic Sentiment Survey at 19:00,at 22:30, the Canadian Consumer Price Index, Canadian Wholesale Sales, and Canadian International Securities Turnover, along with the U.S. New York Fed Manufacturing Index; at 24:00, the U.S. NAHB Housing Market Index; at 26:45, remarks by U.S. Federal Reserve Board Member Bar; and at 28:30, U.S. Daily:Remarks by the President of the San Francisco Fed. We will be watching to see if the euro, which has been weakening against the Oceania currencies, shows signs of recovery.