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Forex minor pairs can offer useful opportunities when currencies move for different economic reasons. For the trading week of October 19–23, 2026, traders will be watching interest-rate expectations, European economic concerns, sterling strength, commodity-linked currencies, and demand for the Swiss franc. This Forex minor pairs weekly forecast reviews 15 cross pairs separately, with technical reference levels and conditions that could change each outlook.
These pairs do not contain the US dollar directly. However, broad dollar movements can still influence them indirectly through global risk sentiment, interest-rate expectations and correlated currency flows. Recent reporting from Reuters on sterling's recent strength against the euro highlights why relative economic performance and central-bank expectations matter when analysing cross rates.
Important data note: the numerical levels below are reference pivot levels published on October 17, 2026, rather than guaranteed forecasts or verified live quotes. Use the S1 and S2 areas as potential support references, and R1 and R2 as potential resistance references. Check your broker's chart before placing a trade because prices, spreads and session conditions can differ.
What Could Drive Forex Crosses This Week?
Central-bank divergence remains important. If markets expect one central bank to keep rates higher for longer than another, the currency with the stronger relative yield outlook may attract demand. But expectations can change quickly when inflation, employment or growth data surprise traders.
Risk sentiment and safe-haven demand also matter. The Swiss franc may strengthen during periods of uncertainty, while the Australian and New Zealand dollars can react to expectations for global growth and commodity demand. The Canadian dollar is particularly sensitive to oil-market developments, although oil is only one influence among several.
For a broader foundation, review the site's Forex market basics and trading considerations. Cross-pair analysis works best when the trader compares both currencies rather than treating one side of the pair in isolation.
15 Forex Minor Pairs: Weekly Technical Outlook
1. EUR/GBP — Pivot: 0.84325. Reference support levels stand at 0.84139 (S1) and 0.83994 (S2), while resistance is at 0.84470 (R1) and 0.84656 (R2). Sterling's recent outperformance has put the euro under pressure. A sustained move below S1 could expose S2, while a firm break above R1 would suggest that sellers are losing short-term control. Watch UK inflation and employment news alongside euro-area fiscal concerns.
2. EUR/AUD — Pivot: 1.61752. The key support references are 1.61394 and 1.61088; resistance references are 1.62058 and 1.62416. If price holds above the pivot and breaks R1, buyers may attempt a move toward R2. A rejection around the pivot followed by a break beneath S1 would weaken that scenario. The pair can react to European growth expectations, Australian labour-market data and changing appetite for risk-sensitive currencies.
3. EUR/NZD — Pivot: 1.98837. Support references are 1.98063 (S1) and 1.97462 (S2), with resistance at 1.99438 (R1) and 2.00212 (R2). A hold above the pivot would keep a recovery attempt possible, particularly if the euro finds support. A break below S1 would put the lower support zone in focus. New Zealand inflation expectations and the relative outlook for European growth may influence the pair's direction.
4. EUR/CAD — Pivot: 1.59018. Traders can monitor 1.58587 and 1.58351 as support references, with 1.59254 and 1.59685 as resistance references. A sustained break above R1 would favour a test of R2; a drop under S1 would instead expose the lower support zone. Canadian inflation, oil prices and euro-area economic news are important catalysts. Avoid assuming that a rise in oil will always push EUR/CAD lower; the euro side can offset the Canadian dollar's response.
5. EUR/CHF — Pivot: 0.92645. The reference support levels are 0.92401 and 0.92238, while resistance sits near 0.92808 and 0.93052. The Swiss franc may attract defensive demand if uncertainty rises. If EUR/CHF remains below the pivot and breaks S1, sellers could test S2. A recovery above R1 would weaken the immediate bearish setup. Watch changes in risk sentiment and European economic headlines rather than relying on technical levels alone.
6. GBP/AUD — Pivot: 1.91705. Support references are 1.91276 and 1.90763; resistance references are 1.92218 and 1.92647. Sterling's recent resilience could help the pair if Australian-dollar demand softens. A break and hold above R1 would make R2 the next reference area. Conversely, a failure near the pivot followed by a move under S1 would indicate weakening momentum. Australian employment conditions and expectations for the Bank of England can create sharp reversals.
7. GBP/NZD — Pivot: 2.35555. The support areas are 2.34942 (S1) and 2.34255 (S2); resistance is marked by 2.36242 (R1) and 2.36855 (R2). Holding above the pivot would leave room for another test of R1. If the pair loses S1, traders may look toward S2 for the next potential reaction. Relative monetary-policy expectations in the UK and New Zealand are likely to matter more than a single technical signal.
8. GBP/CAD — Pivot: 1.88527. Support references stand at 1.88012 and 1.87674, with resistance at 1.88865 and 1.89380. A close above R1 could support a move toward R2 if sterling remains firm. A rejection followed by a break below S1 would shift attention to lower support. Oil-price changes, Canadian inflation data and UK economic releases could all affect the balance between the two currencies.
9. GBP/CHF — Pivot: 1.09816. Potential support zones are 1.09619 and 1.09454, while resistance references are 1.09981 and 1.10178. This pair can move quickly when sterling strength meets safe-haven demand for the franc. A confirmed move above R1 would favour a test of R2, but a sharp risk-off shift could reverse the move. Wait for price confirmation around the pivot instead of entering solely because the pair reaches a marked level.
10. AUD/NZD — Pivot: 1.22843. Support references are 1.22554 and 1.22381; resistance references are 1.23016 and 1.23305. Because both currencies can respond to regional growth and risk appetite, relative economic surprises are especially important. A break above R1 could extend toward R2, while a failure below S1 would bring S2 into focus. New Zealand inflation and Australian employment or policy commentary could determine which currency performs better.
11. AUD/CAD — Pivot: 0.98248. The support references are 0.97902 (S1) and 0.97702 (S2), with resistance at 0.98448 (R1) and 0.98794 (R2). Oil-market movements can influence the Canadian dollar, while Australian-dollar demand may respond to regional growth expectations. A confirmed break above R1 would favour a test of R2; a loss of S1 could expose S2. Since both currencies are sensitive to external conditions, monitor broad risk sentiment as well as domestic data.
12. AUD/CHF — Pivot: 0.57255. Support references sit at 0.57060 and 0.56939, while resistance is at 0.57376 and 0.57571. The pair may struggle if traders seek the Swiss franc as a defensive currency. If AUD/CHF holds above the pivot and breaks R1, a recovery toward R2 becomes possible. A break beneath S1 would suggest that sellers remain active. Risk sentiment and the relative outlook for Australian and Swiss monetary policy deserve close attention.
13. NZD/CAD — Pivot: 0.79916. The support references are 0.79523 and 0.79213; resistance references are 0.80226 and 0.80619. A sustained move above R1 could open a test of R2, provided momentum remains supportive. A break under S1 would weaken the bullish case and put S2 in view. New Zealand inflation expectations, Canadian inflation, oil-price volatility and the wider outlook for global demand may shape this cross.
14. NZD/CHF — Pivot: 0.46556. Support references stand at 0.46362 and 0.46191, with resistance at 0.46727 and 0.46921. The pair can be vulnerable when risk appetite fades and the franc gains defensive demand. If price reclaims R1 and holds above it, R2 may become the next reference. A drop below S1 would favour a test of S2. Be cautious around major economic releases, when spreads and intraday volatility may increase.
15. CAD/CHF — Chart confirmation required. A verified pivot value for this pair was not available in the reference table used for this forecast, so no precise S1, S2, pivot or resistance figures are supplied here. Before trading, mark the previous week's high and low, the latest confirmed daily swing points and the current broker's pivot levels. A break above the previous week's high may support a bullish continuation; a break below the previous week's low may signal further weakness. Oil-market changes, risk sentiment, and Swiss-franc demand can all influence this cross.
How to Use These Levels Without Overtrading
A pivot is a reference, not a trade trigger. Price can cross a pivot several times during a range-bound session. Before considering an entry, wait for a candle close, a clear rejection, or a break-and-retest structure on your chosen timeframe. A failed breakout can be as informative as a successful one.
Use the New York session liquidity-sweep approach as a reminder to check whether price has swept a recent high or low before reversing. Do not assume every wick represents institutional activity. Look for confirmation from structure, candle closes, and follow-through.
Keep risk controlled. Decide where the setup becomes invalid before entering, and size the position according to the distance to that level. Cross pairs may have different spreads and volatility, so identical lot sizes do not necessarily create identical risk. Avoid opening several highly correlated trades that effectively express the same currency view.
ISHAAN'S WEEKLY VIEW
My preference this week is to stay selective rather than strongly bullish or bearish across every cross. Sterling's recent relative strength is worth monitoring in EUR/GBP and GBP-based crosses, but a strong recent move does not guarantee continuation. Swiss-franc pairs also need extra caution if defensive demand increases.
I would focus on whether price accepts or rejects the weekly pivot areas after a clear session move. A breakout without follow-through is not enough for me; I want to see confirmation and a defined invalidation point. If the market remains choppy around the pivot, staying out can be a valid decision. The technical levels in this forecast are planning references, not personal investment recommendations or promises of profit.
Financial Risk Disclaimer: Forex and leveraged currency trading involve a substantial risk of loss and may not be suitable for every trader. Technical levels and market scenarios are educational information only, not financial advice or guaranteed signals. Prices can move rapidly during economic releases, liquidity conditions can change, and losses may exceed expectations. Always verify levels with your broker, use a suitable risk-management plan and never trade with money you cannot afford to lose.
Frequently Asked Questions
1. Which Forex minor pairs should traders watch during October 19–23, 2026?
EUR/GBP, EUR/AUD, GBP/CHF, AUD/NZD and NZD/CAD are useful pairs to monitor because their technical levels can be compared with changing relative economic expectations. None is automatically a better trade; wait for confirmation.
2. What do S1, S2, R1 and R2 mean in Forex analysis?
S1 and S2 are the first and second support levels, while R1 and R2 are the first and second resistance levels. They help organise a chart, but price may break through them or ignore them.
3. Are these weekly Forex levels guaranteed to hold?
No. Pivot levels are reference points calculated from price data. Economic releases, unexpected central-bank comments, liquidity, and market positioning can cause price to move through any listed level.
4. When should I confirm a Forex minor-pair breakout?
Look for a candle close beyond the level, follow-through and, where practical, a successful retest. Check the broader trend and upcoming economic calendar before deciding whether the setup offers an acceptable risk-to-reward profile.
5. How much should I risk on a minor-pair trade?
There is no universal amount suitable for everyone. Set a maximum risk consistent with your financial situation, account size and trading plan. Calculate position size from the stop distance, and account for spreads, slippage and correlated positions.
