The week of March 2–6, 2026 brings a more balanced macro landscape compared to the previous Euro‑heavy week. While the early part of the week is relatively calm, Wednesday introduces a fresh round of Eurozone and UK PMI data, followed by Thursday’s traditional US Jobless Claims cluster. The main event of the week arrives on Friday with the US Non‑Farm Payrolls report, which is expected to set the tone for USD pairs into the weekend. Commodity currencies face a mixed backdrop, with AUD reacting to last week’s inflation data and CAD awaiting labor‑market signals. JPY remains driven primarily by global risk sentiment.
Below is the sentiment and technical outlook for the key currency pairs.
🇪🇺🇺🇸 EURUSD — Sentiment: -1 (Mildly Bearish)
Fundamental Outlook
After last week’s weaker Ifo and GfK readings, the euro enters this week on the defensive. Wednesday’s Eurozone PMI data will be closely watched for signs of stabilization, but expectations remain muted. The US dollar is likely to gain momentum into Friday’s NFP release, especially if labor‑market expectations remain firm. With no major Eurozone inflation data this week, EURUSD is vulnerable to USD‑driven moves.
Technical Outlook
Swing support: 1.0730, 1.0670 Swing resistance: 1.0880, 1.0940
Intraday support: 1.0770, 1.0745 Intraday resistance: 1.0830, 1.0860
🇬🇧🇺🇸 GBPUSD — Sentiment: 0 (Neutral)
Fundamental Outlook
The UK releases Services and Composite PMI on Wednesday, which may provide short‑term direction. Expectations are stable, with no major surprises anticipated. GBPUSD will likely take its primary cues from USD sentiment ahead of Friday’s NFP. With the Bank of England maintaining a cautious stance and no major domestic catalysts, the pair remains range‑bound.
Technical Outlook
Swing support: 1.2500, 1.2440 Swing resistance: 1.2680, 1.2760
Intraday support: 1.2550, 1.2525 Intraday resistance: 1.2620, 1.2650
🇺🇸🇯🇵 USDJPY — Sentiment: +1 (Mildly Bullish)
Fundamental Outlook
JPY continues to trade primarily on global risk appetite and US yields. With NFP approaching, USDJPY typically sees upward pressure as traders position ahead of the release. Japan has no major data this week, leaving the yen exposed to external drivers. If US labor data remains strong, the pair may attempt another push toward recent highs.
Technical Outlook
Swing support: 148.60, 147.90 Swing resistance: 150.50, 151.20
Intraday support: 149.10, 148.80 Intraday resistance: 149.90, 150.20
🇬🇧🇯🇵 GBPJPY — Sentiment: +1 (Mildly Bullish)
Fundamental Outlook
With GBP stable and JPY lacking domestic catalysts, GBPJPY remains supported by risk sentiment. Wednesday’s UK PMI may introduce short‑term volatility, but the broader trend remains constructive as long as global markets stay firm. The pair may see increased movement on Friday as USDJPY reacts to NFP.
Technical Outlook
Swing support: 185.90, 185.10 Swing resistance: 188.20, 189.00
Intraday support: 186.40, 186.00 Intraday resistance: 187.30, 187.70
🇦🇺🇺🇸 AUDUSD — Sentiment: -1 (Mildly Bearish)
Fundamental Outlook
AUD continues to feel the impact of last week’s softer‑than‑expected CPI. With no major Australian data this week, the currency is likely to follow broader USD sentiment. Risk appetite remains stable, but not strong enough to offset the pressure from a potentially firm US labor report on Friday.
Technical Outlook
Swing support: 0.6460, 0.6400 Swing resistance: 0.6590, 0.6650
Intraday support: 0.6490, 0.6465 Intraday resistance: 0.6540, 0.6565
🇪🇺🇬🇧 EURGBP — Sentiment: 0 (Neutral)
Fundamental Outlook
Both EUR and GBP face key PMI releases on Wednesday, making the mid‑week session the primary driver for EURGBP. With neither currency holding a clear fundamental advantage, the pair remains directionless. Any deviation in services‑sector performance could tilt sentiment, but expectations remain balanced.
Technical Outlook
Swing support: 0.8450, 0.8410 Swing resistance: 0.8540, 0.8580
Intraday support: 0.8475, 0.8460 Intraday resistance: 0.8510, 0.8530
🇺🇸🇨🇦 USDCAD — Sentiment: -1 (Mildly Bearish)
Fundamental Outlook
CAD enters the week supported by last Friday’s stronger‑than‑expected GDP data. With oil prices stable and no major Canadian releases until Friday’s labor‑market report, USDCAD may drift lower if USD softens ahead of NFP. Friday will be decisive, as both the US and Canada release employment data simultaneously, often creating sharp volatility.
Technical Outlook
Swing support: 1.3380, 1.3320 Swing resistance: 1.3510, 1.3570
Intraday support: 1.3415, 1.3390 Intraday resistance: 1.3470, 1.3495
🇨🇦🇯🇵 CADJPY — Sentiment: +1 (Mildly Bullish)
Fundamental Outlook
CADJPY remains supported by strong Canadian GDP and a soft JPY backdrop. With no major Japanese data and stable risk sentiment, the pair maintains upward momentum. Friday’s dual employment releases (US and Canada) may introduce volatility, but the bias remains to the upside.
Technical Outlook
Swing support: 110.40, 109.80 Swing resistance: 112.10, 112.80
Intraday support: 110.90, 110.60 Intraday resistance: 111.70, 112.00
🇦🇺🇯🇵 AUDJPY — Sentiment: -1 (Mildly Bearish)
Fundamental Outlook
AUDJPY continues to reflect the weakness in AUD following last week’s inflation data. With no major Australian releases and JPY driven by external factors, the pair may remain under pressure unless risk sentiment improves significantly. Friday’s NFP could amplify volatility across all JPY crosses.
Technical Outlook
Swing support: 96.40, 95.80 Swing resistance: 98.10, 98.80
Intraday support: 96.90, 96.60 Intraday resistance: 97.60, 97.90
Conclusion
The week of March 2–6, 2026 is shaped by anticipation ahead of Friday’s US Non‑Farm Payrolls report. Early‑week trading is likely to remain range‑bound, with Wednesday’s PMI releases providing the first meaningful catalysts for EUR and GBP pairs. Commodity currencies face mixed sentiment, with AUD still digesting last week’s inflation data and CAD supported by stronger GDP. JPY remains driven by global risk appetite, while USD is expected to firm into the NFP release. Overall, the week favors selective USD strength and continued pressure on AUD, while EUR and GBP await mid‑week clarity.