Exchange Rate Forecasts

EUR/USD tests technical support at 1.0679 on charts, risks deeper corrective setback to 1.0535 short-term.

GBP/USD is underpinned by multiple layers of support, fibonacci levels & key average underpin near 1.1950.

GBP/EUR in longest stretch of gains since September, but faces multiple technical resistances once past 1.13.

Look for NZD strength into mid-year ahead of a broader decline says ASB.

A leading foreign exchange analyst says that EUR/USD has peaked for now, unless the Eurozone's energy crisis can be truly considered solved.

"As for the Australian economy, growth has been steady, and we do not expect a recession to occur this year" - Wells Fargo.

"In recent weeks we have noted we thought the NZD was a little richly priced and was due for some consolidation after a strong run" - BNZ.

Strategists at JP Morgan look to maintain a 'short' position on the British Pound against the Australian Dollar.

"The external environment has improved substantially, so we think investors should take profit on our short GBP/CHF trade recommendation"

USD in strong comeback following jobs report, GBP/USD failures create 'double top' pattern.

GBP/NZD moves back into favoured range, downside risks fade after U.S. jobs surprise.

The Euro to Dollar exchange rate was turned away from 10-month highs last week, leaving the outlook hanging in the balance and meaning it might be fortunate if able to avert further declines over the coming days.

The Euro to Dollar exchange rate tumbled ahead of the weekend but would likely retain an upward bias for as long as it remains above the nearby 1.08 handle and could as fall as far as 1.06 following any loss of the aforementioned level, according to TD Securities.

The British Pound was the biggest loser on a day of intense central bank action and some analysts say the UK currency's direction of travel is unlikely to flip in the near term.

Break of 1.6660 opens door to higher levels in GBP/CAD.

The Pound to Dollar exchange rate has laid siege to six-month highs in recent trading but uncertainty about this week's interest rate decisions and U.S. economic data could prevent a further recovery over the coming days.

GBP/EUR, GBP/USD forecast update from Credit Suisse.

GBP/AUD is poised for downside according to new analysis from JP Morgan, the global investment bank.

GBP/USD has seen a setback over recent hours but technical analysts say it is too early to capitulate and call an end to the multi-week uptrend.

For Euro-Dollar, the "bigger picture" remains one of ongoing strength.