Forex Analysis 4th June – EURUSD USDCHF USDCAD The FX landscape is being shaped by a fresh round of U-S tariffs that doubled duties on steel and aluminium to 50 %, uncertainty ahead of a possible Trump–Xi call and a dense run of top-tier data (US ADP, ISM-Services and Friday’s NFP). At the same time: Europe – Softer euro-area CPI and tomorrow’s ECB meeting keep rate-cut expectations alive, capping EUR/USD rallies. Switzerland – May’s move back into deflation has lifted the probability of an SNB cut to—or even through—zero next month. Australia – Q1 GDP and the RBA minutes were both dovish, reinforcing a “sell-rally” bias on the AUD. Canada – Core inflation’s re-acceleration and a surprise Q1 export-led GDP jump argue for a BoC pause today, but USD/CAD still clings to multi-month wedge support. Japan/US – USD/JPY is coiling beneath 144.40 resistance; stronger Japanese PMI data bolsters BoJ-hike chatter just as US fiscal worries exert a mild drag on the dollar. Pair Direction Entry Stop Loss Take Profit Rationale EUR/USD Short (reversal) 1.1410 1.1460 1.1310 ING sees EUR expensive near 1.145 with likely drift toward 1.13; ECB rate‑cut expectations and firm US data cap upside. USD/CHF Long 0.8220 0.8180 0.8320 Dollar bid on easing risk aversion while Swiss CPI deflation locks in SNB cut prospects. AUD/USD Short 0.6480 0.6520 0.6390 Weak Australian GDP and dovish RBA minutes contrast with tariff uncertainty; pair biased lower while capped below 0.6530. USD/CAD Long 1.3710 1.3660 1.3790 Price holding wedge base; BoC expected to keep rates steady after upside inflation surprise; bullish divergence supports tactical bounce. USD/JPY Short (fade resistance) 144.00 144.80 142.40 Fresh negative signals with 144.40 resistance intact; bearish correction theme favours fade of rallies toward 144. Lingering tariff tension, diverging central-bank paths and well-defined chart levels combine to drive the current high-conviction plays: euro softness after a below-target CPI print and Thursday’s looming ECB rate cut meet still-solid U-S data, making EUR/USD ripe for a fade from 1.14; the dollar holds bid while Swiss deflation cements a June SNB cut, and a reclaim of the 0.8200 floor favors a USD/CHF pop; in Australia, a weak Q1 GDP print and dovish RBA minutes leave AUD/USD trapped beneath 0.65 in a bear-flag continuation; hotter Canadian core inflation plus a surprise export-led GDP rebound argue for a BoC pause, yet USD/CAD keeps bouncing off its multi-month wedge base, inviting a tactical long; and although U-S yields support the greenback, an upwardly revised Japan services PMI lifts BoJ-hike speculation just as USD/JPY stalls under the 144.40 resistance shelf—offering an attractive short-term fade. For similar High-Conviction GBPUSD Trade Ideas on our forex page. Please visit our Disclaimer page. Disclaimer Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. TerraBullMarkets.com does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets or any financial instrument involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TerraBullMarkets.com nor any of its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. TerraBullMarkets.com and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. TerraBullMarkets.com and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and TerraBullMarkets.com are not registered investment advisors and nothing in this article is intended to be investment advice. TerraBullMarkets...
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