USDJPY and USDCHF have broken below key hourly moving averages, tilting short-term bias toward sellers in both pairs. USDCAD stays higher on the day but has rotated back to a rising trendline after limited follow-through on a breakout above its June high. Follow-through over the next sessions will decide whether sellers can build on the pressure or buyers reassert control.
The USDJPY found resistance near 158.46, where the 200-day moving average and the 50% midpoint of the decline from the July 2026 high converge. Buyers could not clear that hurdle, and the pair rotated lower.
USDJPY sellers get an opening below the hourly averages
The decline took the pair below the 157.90–158.04 swing area, then through the 200-hour moving average at 157.655 and the 100-hour moving average at 157.416, extending to an intraday low of 157.35. The price has since bounced back between the two hourly averages, putting traders at a decision point.
Sellers now need to cap the rebound below the 200-hour average, then push back below the 100-hour average to reinforce control. A sustained move below both would put the 38.2% retracement at 157.136 in focus, with the 156.36–156.655 swing lows next. A move back above both averages would instead shift attention toward the 157.90–158.04 resistance area.
USDCHF six-day streak meets its 100-hour average
The USDCHF has closed higher for six consecutive sessions, and buyers pushed the price to 0.8382 today before momentum faded. The pair rotated back toward its rising 100-hour moving average at 0.8328 and then broke below it, turning buyers into sellers on the break.
Staying below 0.8328 keeps the short-term advantage with sellers. The next downside target sits near 0.8282, where the 200-hour moving average and a rising trendline converge — a level that forms an important test for both sides.
USDCAD buyers hold the line, but the breakout stalls
The USDCAD remains higher on the day, but the price has rotated toward an upward-sloping trendline near 1.4234. Sellers broke that same trendline yesterday and pushed through the rising 100-hour moving average, yet could not sustain the move, and the pair snapped back above the trendline.
Today, buyers extended above the June high at 1.4247, reaching 1.4258, the highest level since April 2025, before the breakout lost follow-through. Holding above 1.4234 preserves the bullish structure. A break below it would give sellers another opening, with the rising 100-hour moving average at 1.41877 as the next downside target.
Source: investingLive
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