USD versus oil: who will win the battle for USDCAD
Attempts by the CAD to regain its positions have failed, while the USD is recovering its losses. The USDCAD rate continues to rise and is trading around 1.3810. More details are in our analysis for 1 June 2026.
Technical outlook
On the H4 chart, near the lower Bollinger Band, the USDCAD price formed a Hammer reversal pattern. At this stage, it is continuing the upward wave as part of the signal from the pattern. Since the quotes remain within the boundaries of an upward channel, growth towards the nearest resistance at 1.3865 can be expected.
The CAD remains dependent on geopolitics and the cost of oil.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Brent is waiting for news: what will happen to Hormuz?
Brent prices settled at 93.83 USD. Middle East talks are constantly stalled. Find more details in our analysis for 2 June 2026.
Technical outlook
On the H4 chart, Brent remains under pressure after a strong decline from May highs in the 108–109 per barrel area. After a series of sell-offs, quotes moved down into the 91–94 area, where the market is attempting to form a base for stabilisation.
Brent rose and then paused, with market indicators appearing mixed.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
GBPUSD on hold: caught between oil rally and high interest rates
The GBPUSD pair is standing in a narrow sideways range near 1.3464. The market needs strong news.
Technical outlook
The GBPUSD pair remains in a consolidation phase on the H4 chart after the sharp decline from May highs in the 1.3630–1.3650 area. After forming a local low near 1.3300, buyers recouped some losses, but a sustainable upward momentum has yet to emerge.
The GBPUSD pair remains without a strong catalyst, but holds below crucial levels.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
USDJPY trapped in a vice, the Japanese government is keeping a low profile
After testing the psychological 160.00 level, the USDJPY pair failed to consolidate above it and pulled back. The rate currently stands at 159.85.
Technical outlook
On the H4 chart, the USDJPY pair formed a Harami reversal pattern near the lower Bollinger Band and is trading around 159.85. Since the price remains within an ascending channel, it could form an upward wave following the pattern signal, with the upside target remaining at 160.50.
The USDJPY pair attempted to break above the psychological 160.00 level and consolidate above it, but buyers lacked the strength to do so.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
The market is underestimating the threat: AUDUSD may surprise today
After a week of decline, the AUDUSD pair may spring a surprise amid the Nonfarm Payrolls release. Quotes are testing the 0.7120 level.
Technical outlook
The AUDUSD pair formed a Hammer reversal pattern near the lower Bollinger Band on the H4 chart. At this stage, quotes remain within an ascending channel and may continue their upward wave as the pattern signal plays out.
The Australian dollar has not given up hope of strengthening; weak Australian statistics may be offset by weak US statistics.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
