Same Range, New Week — Why the Aussie Dollar Is the Only Chart Worth Trading | 1 June 2026

Eight weeks in the same tight weekly range on the dollar index — and this week looks no different. EUR/USD and GBP/USD are range-bound with little to offer traders. USD/JPY is edging toward the 160 line in the sand but remains too dangerous to trade.
The standout this week is AUD/USD, which has produced a textbook breakout and retest on the weekly chart with a clear trigger: a break above last week's high targets 0.73. NZD/USD is also showing unexpected strength. The Aussie crosses — particularly AUD/CAD and AUD/JPY — are worth watching if the follow-through arrives.

Timestamps
0:00 – Dollar index: eight weeks in a tight range, rejection at the top, no breakout yet
0:45 – EUR/USD: possible move toward 1.18 but range-bound, direction can change at any point
1:10 – GBP/USD: minimal price change, circling the same level — nothing for traders
1:30 – AUD/USD: standout chart — breakout and retest on weekly, targeting 0.73 on follow-through
2:20 – NZD/USD: strong move, strengthening alongside AUD — both worth watching this week
2:35 – Aussie crosses: AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD — opportunities if momentum continues
2:53 – USD/JPY: approaching 160, BOJ intervention risk — directional but dangerous, avoid
3:20 – USD/CAD: range-bound, bearish engulfing candle, no clear direction this week
3:45 – USD/CHF: testing major support — break below the low hints at broader dollar weakness

I help retail traders master technicals to generate consistent income.

Educational market analysis only.
This content does not constitute financial advice.
The views expressed are my own and reflect market conditions at the time of recording.
New videos are published regularly.