As we head into the week of October 30 - November 5, 2026, forex traders are keenly observing the performance of major currency pairs over the previous five days. This analysis focuses on the recent trends and key levels to watch, helping traders navigate the upcoming week effectively.
EUR/USD
The EUR/USD pair closed at 1.11487, reflecting a minor decline of 0.04% on the last trading day. Over the past week, this pair has experienced a more significant drop, losing 0.61%. The 5-day trading range has been relatively tight, oscillating between 1.11132 and 1.12267. Given this recent trend, the EUR/USD appears to be trapped in a range-bound scenario, making it crucial for traders to watch for any breaks outside of this range.
GBP/USD
The GBP/USD pair is currently priced at 1.33238 after a minimal decrease of 0.02% in the last 24 hours. This currency pair also reflected a 5-day decline of 0.57%, with a trading range from 1.32725 to 1.34078. Like the EUR/USD, the GBP/USD seems to be struggling for momentum, indicating a lack of clear direction for traders. Key levels to monitor include 1.32725 on the downside, which could trigger further selling pressure, and 1.34078 on the upside.
USD/JPY
In contrast, the USD/JPY pair has shown notable strength, closing at 158.014 after gaining 0.12% on the last trading day. This pair has recorded a 5-day increase of 0.80%, with a trading range of 156.076 to 158.350. The upward momentum may continue, and traders should be keenly aware of the 158.350 resistance level, which, if surpassed, could encourage further bullish sentiment.
USD/CHF
The USD/CHF pair is currently at 0.82828, having increased by 0.01% on the last day and 0.95% over the past five days. The 5-day trading range has been between 0.81918 and 0.83132. This upward momentum indicates a stronger dollar, and traders may want to keep an eye on the 0.83132 resistance level. A breakout above this could signal further bullish potential for this pair.
USD/CAD
The USD/CAD pair remains relatively stable, trading at 1.39872 with a slight decrease of 0.06% over the last day and a minor overall decline of 0.16% in the week. The pair has been trading within a range of 1.39684 to 1.40686. The lack of significant movement suggests a period of consolidation, and traders should be mindful of the key levels of 1.39684 on the downside and 1.40686 on the upside.
AUD/USD
The AUD/USD pair currently stands at 0.70360, reflecting a decrease of 0.26% in the last 24 hours but an overall increase of 0.23% over the past five days. The trading range has been between 0.70050 and 0.70681, indicating potential support at 0.70050. Traders might look for clear directional signals in the upcoming week, as the pair continues to hover within this range.
NZD/USD
Conversely, the NZD/USD pair has struggled, closing at 0.56156 after a 5-day decline of 1.19%. The recent trading range has been 0.55798 to 0.57076. Given its bearish trajectory, traders should keep an eye on the lower boundary at 0.55798, which, if broken, could signify further weakness in the New Zealand dollar.
EUR/GBP
The EUR/GBP pair closed at 0.83676, showing a slight decline of 0.02% over the past day and a marginal 5-day change of -0.03%. Trading has remained constrained between 0.83602 and 0.84022. This pair appears to be in a tight range, and traders should watch these levels closely for potential breakout opportunities.
Gold (XAU/USD)
Gold is trading at 4030.93 after a significant drop of 0.89% on the last trading day, yet it has managed a slight gain of 0.16% over the past five days. The trading range has spanned from 3975.65 to 4082.82. The fluctuations in gold prices could be influenced by currency dynamics, particularly the strength of the US dollar. Traders should monitor the psychological level of 4000, as it could act as a significant pivot point.
In conclusion, traders should focus on the performance and momentum of these major currency pairs over the upcoming week. With some pairs demonstrating clear upward trends, such as USD/JPY and USD/CHF, while others remain range-bound, establishing key levels for potential trades will be essential. As always, traders are encouraged to apply their strategies carefully and remain attuned to market developments.