EUR/USD, USD/CAD and USD/CHF Face Key Dollar Tests

EUR/USD, USD/CAD and USD/CHF Face Key Dollar Tests

Christopher Lewis

Wed, September 2, 2026 at 5:11 PM GMT+3 2 min read

EUR/USD Technical Analysis

The euro has been pretty negative in the early part of the session, but we are starting to turn things around a little bit here as we head into the US session. With this, I think we have to look at this as a market that may try to recover a little bit.

With interest rates in America drifting lower, I'm still going to watch the 1.16 level. I think that's an area that could end up being a little bit of a barrier. I still prefer the US dollar over the euro. A nice bounce here, signs of exhaustion, would be a classic continuation play.

USD/CAD Technical Analysis

The US dollar has been strong against the Canadian dollar, and I think that probably continues. So, I'll be watching the 1.3910 level for a potential bounce that I can take advantage of.

In this environment, the trade war between the United States and America continues to be a major factor. Plus, we have to keep in mind that both of these countries release their jobs numbers on Friday, so we could get a little bit of a wiggle here. I plan on taking advantage of it.

USD/CHF Technical Analysis

In the US dollar against the Swiss franc pair, this has been a long-term holding of mine for some time. I think we have a situation here where traders will continue to look at this as a buy-on-the-dip scenario right around 0.8120 and 0.81. Both areas I'm looking to buy some type of bounce if I get the opportunity. The 0.8160 level above is short-term resistance that, if broken, could get a bit of FOMO trading in this pair for short-term traders to join the trend.

If you'd like to know more about how to trade forex, please visit our educational area.

This article was originally posted on FX Empire

More From FXEMPIRE: