Last Updated on 19/10/2026
USD/CAD
The U.S. dollar declined sharply against the Canadian dollar toward the end of the week, with the 1.4250 level continuing to act as a major resistance barrier. The latest pullback reinforces the importance of this price zone as traders assess the global interest rate outlook.
The greenback has lost some momentum as U.S. yields retreated. However, the current decline appears to be a corrective move rather than a confirmed trend reversal. USD/CAD could experience further weakness over the next week or two, although buying interest is likely to emerge at lower levels.
EUR/USD
EUR/USD initially moved lower before reversing course and recovering, forming a hammer-like candlestick pattern. Despite the rebound, the broader outlook for the euro remains bearish, particularly as the interest rate differential continues to favor the U.S. dollar. Concerns surrounding France’s fiscal position and its bond market also weigh on the single currency.
Although a short-term recovery remains possible, the pair faces considerable resistance overhead. The 1.1350 level is a key area to monitor, as historical price behavior suggests that sellers could re-enter the market around this zone.
Gold
Gold prices declined during the week before recovering some ground, suggesting that buyers are beginning to return. The $4,200 level marks the upper boundary of an important support and demand zone that extends toward $4,000.
A decisive break below $4,000 could expose gold to additional selling pressure, particularly if U.S. Treasury yields strengthen. However, yields have recently turned lower, creating conditions that could support a near-term rebound in the precious metal.
USD/MXN
The U.S. dollar gained against the Mexican peso during the week but continued to encounter resistance around the 18.50 level, a price zone that has played an important role in previous market movements. The pair is also trading near its 200-week exponential moving average (EMA), adding to the significance of this technical area.
The next move will depend on whether USD/MXN can break decisively above resistance or reverse lower. With U.S. yields declining, further downside in the pair could present a potential short-selling opportunity if bearish momentum develops.
Bitcoin
Bitcoin moved lower during the week as the cryptocurrency market continued to undergo a correction. Price action remains volatile, with the 50-week EMA emerging as an important technical level to watch for potential support.
Following its recent move above $81,000, Bitcoin is now testing the strength of demand around that region. A decline below $80,000 could signal a more concerning bearish development, potentially triggering additional selling pressure. Conversely, a sustained breakout above $90,000 could attract renewed buying interest and open the door to further gains.
GBP/USD
GBP/USD spent the week recovering from the lower boundary of its broader consolidation range near 1.3150. This level has attracted buying interest since April, making it an important support area for the pair.
If the recovery continues, the next significant upside target could be around 1.3650. However, a more aggressive bullish outlook remains premature, as U.S. interest rates are still relatively elevated despite their recent decline. The pair may need stronger bullish momentum before confirming a sustained upward trend.
NASDAQ 100
The NASDAQ 100 experienced a difficult week as semiconductor stocks faced renewed selling pressure. Concerns that tighter financing conditions could affect the artificial intelligence sector appear to be weighing on investor sentiment.
The 28,000 level is a crucial support zone to monitor, as holding above this threshold could help stabilize the index. A breakdown below support would increase downside risks. On the upside, a sustained move above 30,250 could signal renewed bullish momentum and create room for further gains.
Silver
Silver prices declined during the week, testing the important $55 support level. This area has historically acted as both support and resistance, making it a key reference point for traders. Despite the recent decline in yields, silver has struggled to gain meaningful upside momentum, suggesting that buying interest remains relatively subdued.
The broader support zone extends toward $55, and a decisive break below this level could expose silver to a further decline of approximately $10. On the other hand, a sustained move above $60 would improve the technical outlook and potentially signal a stronger bullish recovery.
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