Forex Trading Library

Intraday Analysis 11.02.2026

USD slides lower

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USDCAD finds support
USDCAD chart showing price rebounding from support and pushing toward recent highs.

The pair witnessed an uptick after finding some support at the 1.3550 level. From the chart perspective, the prices are looking to complete a recovery back towards the recent top at 1.3700. With the recent comments about a progressive labour market, the greenback could enjoy another run to the upside. A close above the immediate hurdle at 1.3600 would attract more intraday interest and carry the price higher.

NZDUSD looks to rebound
NZDUSD chart showing consolidation above psychological support with rebound attempts.

The New Zealand dollar dipped as prices failed to recapture the recent peak. The pair is now consolidating just above the latest psychological support at 0.6000. A further decline would signal a lack of momentum, as the price inches towards 0.6040 while the RSI moves into the neutral area, with a potential dive towards 0.5950. However, buyers could take over in the near term. The current congestion area could propel the pair to form a double top at 0.6100.

UK100 keeps the high ground
UK100 chart showing bullish trend with slowing momentum near resistance.

The FTSE remains bullish as stocks continue to trade in a positive setting, even though a series of lower highs has emerged on the chart. The index shows a slight slowdown after breaking the 10400 level, with 10270 in sight. Any signs of an uptick need a break at 10450, as this becomes the first resistance. A bearish breakout could trigger broader profit-taking and possibly a reversion towards 10150 and the critical floor at 10000.

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