The USD/CAD pair trades in a tight range around 1.3660 during the European trading session on Friday. The Loonie pair consolidates as the US Dollar wobbles ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.

Banks, Pharma, industrials dragging Dow Jones bearish. FX calm but USDJPY higher? Gold, silver correction. Crude Oil volatile but bullish. Interest rates higher.

USD/JPY extends its gains for the second successive session, trading around 157.60 during the European hours on Friday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.

ING’s Chris Turner highlights that higher energy prices are negative for EUR/USD, but recent European Central Bank repricing has narrowed EUR/USD swap differentials to some of the tightest levels since 2024.

UBS sees buying opportunity in AUD/USD on dip

The AUD/USD pair trades 0.55% higher to near 0.7050 during the European trading session on Friday.

EUR/USD slipped below the 200-day EMA and is testing the 1.15–1.16 support zone. A break lower could expose 1.11, while 1.1750 is key resistance.

US Dollar Index (DXY) hits 99.21 as a refinery strike in Bahrain ignites safe-haven demand. Discover if war risk will push the greenback to the 100.00 milestone.

USD/JPY bounced after an early drop, with buyers defending pullbacks. A move above 158 keeps focus on 160 as the next major resistance level.

GBP/USD fell sharply Thursday as USD strength returned. The 1.3250 level is key support, with a break lower exposing 1.30.