Will the euro, which has rebounded against the Australian dollar, continue to rise, or should we wait and see how it moves?
24.02.2026
- Remarks by Federal Reserve Governor Waller
- Remarks by ECB President Lagarde
In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 113.279 to 112.693.On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the 200-period exponential moving average (EMA) looms overhead, weighing on the upside, while 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. It recovered from the -2σ to the +2σ levels on the hourly Bollinger Bands. On the 4-hour chart, the price is moving from below the 20-day moving average (MA) to above it, while on the daily chart, a downtrend along the 10-day MA has been continuing since late December of last year.
Today’s schedule includes the UK CBI Retail Trade Survey at 8:00 PM, remarks by US Federal Reserve Bank of Chicago President Goolsbee at 10:00 PM, the US Housing Price Index, the US S&P/Case-Shiller Home Price Index, and remarks by US Federal Reserve Bank of Atlanta President Bostic at 11:00 PM, followed by the UKremarks by Bank of England Governor Bailey and remarks by Federal Reserve Governor Waller, at 11:30 PM remarks by Federal Reserve Governor Cook, at 12:00 AM U.S. Wholesale Inventories, the Richmond Fed Manufacturing Index, and the Conference Board Consumer Confidence Index, at 2:45 AM remarks by ECB President Lagarde, and at 3:00 AM a U.S. 2-year Treasury auction.I’d like to wait and see how the euro performs during European trading hours to determine whether it will extend its gains after rebounding against the Australian dollar.
Author: Keisuke Sakurai
