Will the euro, which rebounded against the Australian dollar, continue to rise, or should we wait and see how it moves?
24.02.2026
- Remarks by Federal Reserve Board Member Waller
- Remarks by ECB President Lagarde
In U.S. currency trading the previous day, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 113.279 to 112.693. It moved from above the 20-period moving average (MA) on the hourly chart to below it.On the 4-hour chart, the price is facing resistance from the 200-period EMA above, making it difficult to rise further; on the daily chart, the price is already trading below the 20-period MA. Meanwhile, on the weekly chart, the RSI has fallen from 72 to 54 and is currently pointing downward near the 58 level.
Among European currencies, the euro rebounded against the Australian dollar. The EUR/AUD pair rose from 1.6637 to 1.6729, recovering from the -2σ to the +2σ levels of the hourly Bollinger Bands.On the 4-hour chart, the price is moving from below the 20-period moving average (MA) to above it, while on the daily chart, a downtrend along the 10-period MA has been continuing since late December of last year.
Today’s schedule includes the UK CBI Retail Trade Survey at 8:00 p.m., remarks by U.S. Federal Reserve Bank of Chicago President Goolsbee at 10:00 p.m., the U.S. Housing Price Index and the U.S. S&P/Case-Shiller Home Price Index at 11:00 p.m., and remarks by U.S. Federal Reserve Bank of Atlanta President Bostic:Atlanta Fed President, at 11:15 p.m. remarks by UK BOE Governor Bailey and U.S. Federal Reserve Governor Waller, at 11:30 p.m. remarks by U.S. Federal Reserve Governor Cook, at 12:00 a.m. U.S. Wholesale Inventories,U.S. Richmond Fed Manufacturing Index, U.S. Conference Board Consumer Confidence Index; at 26:45, remarks by ECB President Lagarde; and at 27:00, a U.S. 2-year Treasury auction are scheduled.I’d like to wait and see how the euro—which rebounded against the Australian dollar—performs during European trading hours to determine if it will extend its gains.
