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 turned upward.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 early last month continues along the 10-period MA. Additionally, 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 AM, Japan’s Tertiary Industry Activity Index at 1:30 PM, the UK unemployment rate and Germany’s Consumer Price Index at 4:00 PM, Germany’s ZEW Economic Sentiment Survey and the Eurozone ZEW Economic Sentiment Survey at 7:00 PM, and Canada’s Consumer Price Index and Wholesale Sales at 10:30 PM,Canada’s International Securities Turnover, the U.S. NY 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 at 28:30, and remarks by U.S. San Francisco Fed President Daly at 28:30. We will be watching for signs of a rebound in the euro, which has been weakening against the Oceania currencies.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed