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 the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 113.279 to 112.693. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the 200-period EMA looms overhead, weighing on the upside, while on the daily chart, the pair 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-MA to above it, while on the daily chart, a downtrend along the 10-MA has been continuing since late December of last year.
Today’s schedule includes the UK CBI Retail Trade Survey at 20:00, remarks by U.S. Chicago Fed President Goolsbee at 22:00, the U.S. Housing Price Index and the U.S. S&P/Case-Shiller Home Price Index at 23:00, and remarks by U.S. Atlanta Fed President Bostic:Atlanta Fed President, at 23:15: UK – Bank of England Governor Bailey’s remarks and U.S. – Federal Reserve Governor Waller’s remarks, at 23:30: U.S. – Federal Reserve Governor Cook’s remarks, at 24:00: 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 can extend its gains.
Author: Keisuke Sakurai
