FX Daily Strategy: Asia, Jul 7

July 6, 2026 3:31 PM UTC

Dollar steadies, risk steadies, summer slowdown may be here
USD/JPY recoups - recovery time seems proportionate to scale of the drop
Thin calendar, Minutes and RBNZ still the later highlights

EUR/USD, USD/JPY - US NM ISM solid as expected

July 6, 2026 2:25 PM UTC

US NM ISM broadly as expected, another solid report

Chart AUD/USD Update: Room for a minor test higher

July 6, 2026 1:54 PM UTC

Little change, as prices extend consolidation beneath the 0.6950 weekly high of 3 July

Chart USD/JPY Update: Smart bounce in both USD- and JPY-driven trade

July 6, 2026 1:13 PM UTC

Consolidation has given way to a sharp run higher in both USD- and JPY-driven trade

Chart EUR/CAD Update: Balanced at highs - room for a minor pullback

July 6, 2026 11:01 AM UTC

Little change, as prices extend cautious trade beneath strong resistance at the 1.6250~ monthly high of 14 April and the 1.6270 monthly high of 19 June

FX Weekly Strategy: N America, Jul 6-10

July 6, 2026 9:11 AM UTC

FOMC, ECB Minutes, RBNZ decision the highlights
Dollar ardour cools but spreads still in favour
NZD attempting to bounce if RBNZ plays ball, though some correction prior
USD/JPY remains uncertain, levels post holiday

Chart USD/CHF Update: Limited tests higher

July 6, 2026 8:25 AM UTC

Anticipated continuation lower has not been seen

Chart USD Index DXY Update: Immediate gains to remain limited

July 6, 2026 8:16 AM UTC

Consolidation is giving way to a push higher, as intraday studies turn higher, with prices currently testing levels just above resistance at 101.00

Psychology for major markets July 6

July 6, 2026 7:58 AM UTC

USD Solid

Chart EUR/USD Update: Drifting lower

July 6, 2026 7:50 AM UTC

Cautious trade beneath congestion resistance at 1.1450 is giving way to a drift lower

Chart GBP/USD Update: Leaning lower, but downside to remain limited

July 6, 2026 7:35 AM UTC

Choppy trade beneath the 1.3385 weekly high of 2 July is giving way to a drift lower

USD/JPY NZD/USD flows: Corrective action overnight

July 6, 2026 6:33 AM UTC

USD/JPY regains 162 after US holiday passes
NZD/USD sees some profit-taking ahead of RBNZ, not yet holding onto 0.57

USD/JPY flows: Rotate Higher

July 6, 2026 4:58 AM UTC

USD Solid on Monday

FX Weekly Strategy: Europe, Jul 6-10

July 6, 2026 4:44 AM UTC

FOMC, ECB Minutes, RBNZ decision the highlights
Dollar ardour cools but spreads still in favour
NZD attempting to bounce if RBNZ plays ball
USD/JPY has done some n/t chart damage

AUD/USD flows: Market Chops

July 6, 2026 4:07 AM UTC

OPEC+ confirmed a fifth straight monthly output increase

Australia Outlook: Steady

July 6, 2026 2:45 AM UTC

Australian CPI showed signs of moderation in recent read. It should be enough to persuade the RBA their previous hike to be enough.

Chart GBP/USD Update: Consolidating

July 6, 2026 1:50 AM UTC

Settled back from the 1.3385 high as prices consolidate recent strong gains from the 1.3140 current year low

Chart EUR/USD Update: Consolidating below 1.1450

July 6, 2026 1:39 AM UTC

Little change, as prices extend consolidation below resistance at the 1.1450 congestion

Chart USD/JPY Update: Higher in consolidation

July 6, 2026 1:02 AM UTC

Higher in consolidation above the 161.00 level as prices unwind oversold intraday studies following bounce from 160.50 low

Chart NZD/USD Update: Consolidating at .5700, still room for higher

July 6, 2026 12:40 AM UTC

Break above .5700 resistance saw gains reaching .5725 high before settling into consolidation at the .5700 level