The (NZDUSD) price declined in its last intraday trading, amid the stability of its trading below 0.5890 support, which represented an expected target in our previous analysis, after offloading some of its oversold conditions on relative strength indicators, increasing the negative pressure, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path.

The (USDJPY) declined in its last intraday trading, which was marked by volatility amid emerging negative signals from the relative strength indicators after reaching heavily overbought levels. The pair is attempting to regain positive momentum that could help it recover and move higher again.

GBPUSD declined in its last intraday trading, after its previous rebound due to the stability of 1.3280 support, which has been an expected target in our previous analysis, to offload its oversold conditions on the relative strength indicators, to retest the key resistance at 1.3365. which makes the pair surrender to the negative pressure again, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path.

The US Dollar Index (DXY) has appreciated by approximately 1.5% over the last three days, driven by escalating geopolitical volatility in the Middle East. The rise in the geopolitical risk premium follows significant disruptions in energy logistics, specifically affecting the Strait of Hormuz, which has sparked fears of a renewed inflationary cycle.

DBS analyst Philip Wee argues that the recent surge in the Dollar Index (DXY) toward the 100 level looks overstretched after a 2% jump in two sessions.

The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a “flight to safety,” supporting the US Dollar (USD) against the Pound Sterling (GBP).

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

AUD/USD pares its daily losses but remains in the negative territory for the second successive day, trading around 0.7030 during the early European hours on Wednesday.

AUD/USD trades around 0.7020 on Friday at the time of writing, up 0.11% on the day, as investors digest a much weaker-than-expected US employment report.

Short-term forecast for oil, gold, and euro-dollar today. Oil prices extended the short-term uptrend yesterday.