Market Recap

GBPUSD
GBPUSD ended firmer, closing at 1.34, up 0.00134 (0.1%) from the 1.34 open, after traversing a 0.0047 intraday range. The day’s span equated to 80.9% of the 14-day ATR of 0.0058. Price marked the session low at 04:15 near 1.34 and later printed the high at 14:48 around 1.34, leaving the finish in the upper half of the day’s range. The 1.34 round figure featured throughout, with the morning trough slipping just below it and the afternoon peak nudging above it before trading settled into the close. On intraday trend measures, the pair finished above the H1 20-period SMA at 1.34 and above the H4 21-period EMA at 1.34, while the H4 MACD signal line was at 0.0. The sequence unfolded as an early dip into the low, a recovery into the early afternoon high, and a quieter end into 23:53 server time. Relative to recent daily volatility, the session operated with a range below the 14-day ATR, and the close above the session midpoint pointed to buyers holding the latter part of the day’s progress without extending into a fresh high after 14:48. From a higher-timeframe perspective, holding above the cited moving averages kept price oriented above those reference levels into the bell, while the near-zero H4 MACD signal indicated limited directional skew on that timeframe.

AUDUSD
AUDUSD traded within a 0.00244 range (0.37% of the open), about 70.7% of the D1 ATR, opening at 0.66472 and closing at 0.66418, down 0.00054 or 0.081%. The high printed at 0.66563 at 13:48 before price eased to the session low of 0.66319 at 18:29, with the market settling in the lower half of the day’s range and below the open. Price action included a brief look above the 0.6650 figure into the early afternoon, followed by a move toward 0.6630 later in the session, while the close around 0.6642 left it near the 0.6640 area. The intraday sequence was a lift from the open into the 13:48 high, a subsequent decline to set the 18:29 low, and a modest rebound into the close, which sat just below the session midpoint. On the higher timeframes, RSI14 registered 42.8 on H1 and 73.3 on D1 by the close, framing intraday momentum as softer than the elevated reading on the daily chart. The day’s trading remained between the recent 10-day extremes, with the 10-day high at 0.66856 and the 10-day low at 0.66017 untested. Overall, the session maintained orderly ranges around familiar round numbers, with the close below the open and within a bandwidth smaller than the average daily move implied by the D1 ATR.

Economic Calendar Recap & Preview

Canada’s inflation docket set the tone, though official prints were not provided in this brief: CPI month over month was released against a prior 0.2 percent and a 0.3 percent forecast; Core CPI month over month came after 0.6 percent previously with a 0.4 percent forecast; and Core CPI year over year carried a prior 2.9 percent and a 3.5 percent forecast. Looking ahead, the U.S. labor report lands at 15:30 server time with Nonfarm Payrolls and the Unemployment Rate the focal points; no previous or consensus figures were provided here, but these releases typically steer rate and growth expectations across assets. As a simple guide, stronger payrolls alongside a steady jobless rate tends to signal firm labor demand and potential wage pressure. At 19:30 server time, Bank of Canada Governor Tiff Macklem speaks, an appearance that could shape policy expectations in light of the latest inflation readings. Traders should be mindful of potential volatility around the 15:30 releases, as liquidity can thin and price moves can amplify on surprise outcomes.