The US dollar is expected to remain strong against most major currencies due to a hawkish Federal Reserve and rising US Treasury yields. The euro, pound, and Australian dollar are all likely to trade lower. The Canadian dollar is forecast to remain near current levels. The direction of gold is uncertain.

EUR/USD

• Forecast: Bearish
• Resistance: 1.0779, 1.0830
• Support: 1.0692, 1.0641
• The euro is expected to continue its decline against the US dollar due to a hawkish Federal Reserve and a dovish European Central Bank.

GBP/USD

• Forecast: Neutral
• Resistance: 1.2863, 1.2981-1.2987
• Support: 1.2215, 1.2269
• The pound is trapped in a sideways channel and may remain there until a significant break occurs.

AUD/USD

• Forecast: Neutral
• Resistance: 0.6548, 0.6596
• Support: 0.6464, 0.6416
• The Australian dollar is likely to trade sideways as the hot US inflation report reduces expectations of a Fed rate cut.

USD/CAD

• Forecast: Neutral
• Resistance: 1.3738, 1.3794
• Support: 1.3647, 1.3591
• The Canadian dollar is expected to remain near current levels after the Bank of Canada maintained interest rates.

USD/JPY

• Forecast: Bullish
• Resistance: 153.50, 154.25
• Support: 151.95, 150.90
• The US dollar is expected to continue strengthening against the Japanese yen due to rising US Treasury yields.

Gold (XAU/USD)

• Forecast: Mixed
• Resistance: 2,375
• Support: 2,320, 2,250, 2,199
• Gold is trading within a symmetrical pattern. A break above 2,345 could lead to a rally, while a break below 2,320 could signal a trend reversal. The future direction of gold is uncertain.