FX Daily Strategy: N America, May 6th

May 6, 2026 9:20 AM UTC

Slightly stronger USD favoured on ADP data
Middle East risks suggest equities and riskier currencies vulnerable, but hopes of US/Iran deal maintain positive sentiment for now
JPY weakness against European currencies looks increasingly hard to justify
GBP strength against the EUR is likely reaching its

Chart USD/CHF Update: Lower in range

May 6, 2026 8:28 AM UTC

Cautious trade beneath congestion resistance at 0.7850 has given way to drift lower to congestion support at 0.7800

Chart EUR/GBP Update: Consolidating - studies under pressure

May 6, 2026 8:16 AM UTC

Little change, as mixed intraday studies extend cautious trade within the 0.8620 - 0.8640 range

Chart USD Index DXY Update: Leaning lower in range

May 6, 2026 8:05 AM UTC

The anticipated minor test above congestion resistance at 98.50 has not been seen

Chart EUR/USD Update: Limited tests higher

May 6, 2026 7:53 AM UTC

Consolidation within the 1.1670 - 1.1700 range has given way to a push higher

Psychology for major markets May 6

May 6, 2026 7:44 AM UTC

Another Round of Japan Intervention

Chart GBP/USD Update: Higher in range

May 6, 2026 7:37 AM UTC

Cautious trade around 1.3550 has given way to a push higher

Chart GBP/JPY Update: Still supported above 212.00

May 6, 2026 7:31 AM UTC

Stays in consolidation above support at the 212.00 congestion following bounce from the 210.40 low of last week

Chart AUD/NZD Update: Consolidating below 1.2200/35, April highs

May 6, 2026 7:13 AM UTC

Leaning lower from the 1.2235 high of last week as prices consolidate recent gains from the 1.1930, 27 March low

Chart EUR/AUD Update: Under pressure, 1.6130 low at risk

May 6, 2026 6:56 AM UTC

Consolidation above the 1.6250 Monday's low has given way to break to extend losses from the 1.6845, March swing high

SEK, USD, JPY flows: SEK softer on weaker CPI, USD falls, JPY gains on suspected intervention

May 6, 2026 6:40 AM UTC

SEK dips as CPI comes out weaker than expected - further decline possible. USD generally softer on hopes of US/Iran deal. JPY surges on suspected intervention.

Chart USD/CNH Update: Under pressure, focus return to 6.8060 low

May 6, 2026 5:55 AM UTC

Leaning lower from the 6.8500 high of last week and break of support at 6.8270 see room to retest the 6.8160, Monday's low

Chart USD/INR Update: Lower in consolidation

May 6, 2026 5:05 AM UTC

Gapped down at the open see prices consolidating strong gains from the 92.4050, 10 April low

Asia Summary and Highlights 6 May

May 6, 2026 5:04 AM UTC

Australia to build A$10bn fuel reserve as Middle East crisis drives stockpile push
Potential Japan Intervention Again

USD/JPY flows: Intervention?

May 6, 2026 4:51 AM UTC

Potential Intervention Again

Chart USD/MYR Update: Extend consolidation above 3.9400 low

May 6, 2026 4:37 AM UTC

Little change, as prices extend choppy trade above the 3.9400 April low to consolidate losses from the 4.0460 March high

FX Daily Strategy: Europe, May 5th

May 6, 2026 4:12 AM UTC

Slightly stronger USD favoured on ADP data
Middle East risks suggest equities and riskier currencies vulnerable
JPY weakness against European currencies looks increasingly hard to justify
GBP strength against the EUR is likely reaching its peak

Chart USD/THB Update: Consolidating, room for lower later

May 6, 2026 2:54 AM UTC

Settled back to consolidate around the 32.50 level after bounce attempt met with selling pressure beneath the 32.85 resistance

Chart USD/KRW Update: Sharp break of 1470.00 support

May 6, 2026 2:41 AM UTC

Sharply lower through support at the 1470.00 congestion as prices extend pullback from the 1492.00 high of last week

AUD/USD flows: Cheering for potential peace

May 6, 2026 2:36 AM UTC

Australia to build A$10bn fuel reserve as Middle East crisis drives stockpile push

Chart USD/SGD Update: Leaning lower in range

May 6, 2026 2:26 AM UTC

 Lower in range from the 1.2780 Monday's high 

Chart GBP/USD Update: Range-bound in consolidation

May 6, 2026 1:51 AM UTC

Range-bound in consolidation as prices held firm above support at the 1.3512/00 area

Chart EUR/USD Update: Higher in consolidation from 1.1675/55 lows

May 6, 2026 1:35 AM UTC

Turned up from retest of the 200-day MA at 1.1675 as prices extend choppy trade around the 1.1700 level

Chart EUR/JPY Update: Higher in consolidation from 182.50/182.00 support

May 6, 2026 1:23 AM UTC

Higher to extend bounce from support at the 182.50/182.00 congestion area to reach resistance at the 184.50/75 area