Trading in an Elevated Range

Forex

Economic

Summary:

The EURNZD is currently trading around 1.0912. This level reflects the market's assessment of the economic outlook for the Eurozone and New Zealand, influenced by global foreign exchange market risk appetite and safe-haven capital flows.

SELL EURNZD

Close Time

CLOSED

1.90678

Entry Price

1.87200

1.97000

1.90134 +0.01197 +0.63%

115.1

Pips

Profit

1.87200

1.89527

Exit Price

1.90678

Entry Price

1.97000

Fundamentals

Recent economic data from Europe have shown a relatively subdued trend. Meanwhile, the policy direction of the Reserve Bank of New Zealand (RBNZ) and external uncertainties are exerting a dual impact on the currency pair, providing both support and pressure.

The European Central Bank (ECB) has continued to maintain its accommodative monetary policy stance, aimed at stimulating economic growth. However, inflation remains a key focal point. Should future data show improvement or the ECB release positive signals, the euro could potentially receive support.

The recovery of major European economies and improvements in the regional trade environment are expected to provide medium-to-long-term support for the euro.

The recent economic data of New Zealand have demonstrated resilience, with agricultural exports and the services sector continuing to underpin economic growth. However, global commodity price volatility and external demand uncertainty remain significant factors.

The stance of the RBNZ on interest rate policy will also directly influence the performance of NZD. If the market anticipates future interest rate hikes in New Zealand, this could exert downward pressure on EURNZD.

Global geopolitical risks and fluctuations in risk sentiment have had a notable impact on the foreign exchange market. In the event of rising risk aversion, capital flows may shift from risk assets to safe-haven currencies such as the US dollar or Japanese yen, thereby exerting pressure on both the euro and the New Zealand dollar.

Additionally, developments in the international trade landscape and volatility in commodity markets are also important factors influencing the EURNZD. Investors are advised to closely monitor relevant news developments for potential market-moving implications.

Technical Analysis

On the daily chart, EURNZD has previously found significant buying support around 1.0870. If the price dips, this level may again serve as a defensive barrier.

On the upside, the 1.0953 to 1.1940 range has acted as a resistance band where the pair has previously seen pullbacks. If the price breaks through this area, it could move into a higher trading range.

In terms of short-term moving averages, the MA5 and MA10 are converging, indicating a period of consolidation in the market. However, if the MA5 crosses above the MA10, it could signal a short-term bullish trend.

The Relative Strength Index (RSI) is currently in a neutral zone, without showing signs of overbought or oversold conditions, suggesting no extreme sentiment in the short term.

The MACD line is moving relatively flat. Although there was a brief crossover of the signal line, it did not form a clear buy or sell signal, indicating that the market is likely to continue trading in a wide range at elevated levels for some time.

Traders are advised to focus on a range-bound strategy between 1.0870 and 1.1940, adjusting positions in a timely manner to manage risks when monitoring price breakouts.

Trading Recommendations

Trading Direction: Sell

Entry Price: 1.9068

Target Price: 1.8720

Stop Loss: 1.970

Valid Until: April 15, 2025, 23:55:00

Support: 1.8936/1.8797/1.8722

Resistance: 1.9086/1.9140/1.9169

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Warren Takunda

Commodity

Summary:

Gold prices rose sharply on Monday, driven by President Trump’s commitment to reciprocal tariffs, with the precious metal trading above $3,120.

BUY XAUUSD

Close Time

CLOSED

3119.91

Entry Price

3180.00

3060.00

3128.24 -6.10 -0.19%

148.8

Pips

Profit

3060.00

3134.79

Exit Price

3119.91

Entry Price

3180.00

Gold prices surged on Monday, continuing their bullish momentum as investors sought refuge in the precious metal. The price of gold (XAU/USD) hovered near $3,120 during the trading session, marking an impressive 1% gain for the day. The rally was driven by renewed risk aversion after US President Donald Trump reaffirmed his stance on implementing reciprocal tariffs, a move that appears to escalate global trade tensions.

With the impending deadline for tariff implementation on Wednesday, market participants have shown heightened concerns, leading to a surge in demand for gold, which is traditionally seen as a safe-haven asset during times of geopolitical and economic uncertainty. The announcement from Trump, which makes tariffs applicable to all countries, raised alarms in the market that any last-minute negotiations or concessions were unlikely. As a result, gold swiftly climbed to new highs, approaching its previous all-time peak of $3,128.

At the time of writing, gold had already surpassed the expectations of several analysts, who had predicted a more modest climb for the precious metal. The sharp rise was largely influenced by the growing consensus that economic conditions would continue to favor gold in the near term. Notably, analysts from major financial institutions such as Goldman Sachs have revised their year-end price targets for gold, reflecting a more optimistic outlook. Goldman Sachs now projects gold to reach $3,300 by year-end, citing robust central bank buying and an influx of funds into bullion-backed Exchange-Traded Funds (ETFs).

This bullish sentiment is not only grounded in geopolitical factors but also reflects the broader economic environment. US Treasury yields fell significantly on Monday, with the 10-year yield dipping below the critical level of 4.172%. The decline in yields comes as market participants adjust expectations regarding the Federal Reserve’s monetary policy stance. With yields falling, the allure of non-yielding assets like gold has increased, pushing prices higher.

The market’s response to Trump’s tariff announcements follows a clear flight-to-safety pattern. As gold prices surged, bond prices also rose, with investors flocking to government debt as a low-risk asset. Simultaneously, the US Dollar softened, as demand for safe-haven assets outweighed the appeal of the greenback. Equities, on the other hand, experienced a sell-off, reflecting the broader risk-off sentiment that permeated global markets.

The option markets for gold have also shown interesting developments. Unlike other commodities such as coffee, where supply shocks have driven option prices higher, gold options have become cheaper. According to Bloomberg, the price of gold options has decreased, indicating that the market expects gold to remain at elevated levels for an extended period. This could signal further upside potential for gold, with the current levels potentially becoming the new normal.

The Federal Reserve’s actions, or lack thereof, will play a crucial role in determining the trajectory of gold prices. The CME FedWatch Tool has begun to tilt the probability of a rate cut by the Fed, especially as US Treasury yields continue to trend lower. The probability of a rate cut in May has increased to 18.6%, up from 11% just a week ago. Moreover, the likelihood of a rate cut in June is growing, with the market assigning a 16.5% chance for rates to remain unchanged.

The Fed’s dovish shift in expectations has been a key driver of gold’s ascent. Lower interest rates typically diminish the opportunity cost of holding non-yielding assets like gold, further boosting demand for the precious metal. As gold continues to benefit from a declining yield environment, its appeal as a hedge against inflation and economic uncertainty strengthens.

Technical Analysis

From a technical perspective, the gold market is showing some interesting signs. The key resistance level for gold is around the $3,128 mark, its recent all-time high. If the European market fails to push prices higher and breaks lower, we could see a short-term peak at this level. Traders may consider going long if prices retrace to the $3,100 to $3,102 range, as this could present a buying opportunity.

On the flip side, should gold fall back to the $3,102 level and rebound towards $3,125 to $3,127, a short position may present itself. These price levels represent significant support and resistance zones, and a careful approach could help traders capitalize on short-term movements while maintaining a long-term bullish outlook for gold.

TRADE RECOMMENDATION

BUY GOLD

ENTRY PRICE: 3120

STOP LOSS: 3060

TAKE PROFIT: 3180

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

USD/CAD climbs to near 1.4360 as the Canadian Dollar weakens due to caution surrounding President Trump’s upcoming tariff announcement.

BUY USDCAD

Close Time

CLOSED

1.43494

Entry Price

1.44700

1.42600

1.42303 -0.00117 -0.08%

47.8

Pips

Profit

1.42600

1.43972

Exit Price

1.43494

Entry Price

1.44700

The USD/CAD pair surged to near 1.4360 on Monday, marking its third consecutive day of gains, as market participants brace for the impact of a looming tariff announcement from US President Donald Trump. The Canadian Dollar (CAD) experienced significant declines as uncertainty surrounding Trump's trade policies ahead of the so-called "Liberation Day" on Wednesday overshadowed market sentiment.

As Trump prepares to announce retaliatory tariffs on select nations, the global economic outlook remains in question, with particular focus on the potential ramifications for the US and Canadian economies. The USD/CAD’s rise to near its highest levels since 2023 underscores the growing concern over the imposition of new tariffs, which analysts predict will disproportionately affect countries with large trade surpluses with the US or those that maintain significant trade barriers against US goods. With Canada being one of the few nations in this category, the expectation is that it could face renewed pressure from these tariffs.

Market participants are increasingly cautious, as President Trump is expected to announce tariffs on Wednesday as part of his broader strategy to address trade imbalances. While this decision is seen as a response to perceived unfair trade practices, investors are bracing for potential economic disruptions not only in the affected nations but also within the US itself. Canada, which runs a considerable trade surplus with the US, is likely to be one of the primary targets, exacerbating concerns about the potential economic fallout from a trade dispute between two of the world’s largest trading partners.

The markets are already pricing in the possibility of tariffs on Canadian goods, with the CAD under significant pressure. The heightened uncertainty surrounding these trade tensions has led to a pullback in Canadian assets, with the CAD struggling against the US Dollar’s strength. Although the US Dollar Index (DXY) showed some recovery on Monday, ticking up to around 104.10, the broader outlook for the US Dollar remains clouded. Investors are wary that any retaliatory actions taken by President Trump may harm US economic growth, particularly in sectors that rely heavily on trade relationships with the affected countries.

This week, the economic calendar is loaded with key data points that will likely dictate the direction of the USD/CAD pair in the coming days. Investors will closely monitor the release of the US and Canadian employment reports for March, with both sets of data offering crucial insights into the health of the labor market. The US labor market report, including the critical Nonfarm Payrolls (NFP) data, is expected to provide further clarity on the trajectory of US economic growth amidst ongoing trade tensions and the potential impact of tariffs.

The Canadian labor market report will also be a focal point, scheduled for release on Friday. A stronger-than-expected jobs report could offer some relief to the Canadian Dollar, although any positive momentum may be muted by the heightened risks posed by the impending tariffs. If Canadian employment numbers disappoint, it could provide further ammunition for the US Dollar bulls, pushing USD/CAD even higher.

Meanwhile, the US ISM Manufacturing and Services Purchasing Managers’ Index (PMI) data, set for release later this week, will offer additional clues as to the broader economic health of the US economy. Any signs of a slowdown in the manufacturing or services sectors could shift investor sentiment, leading to renewed concerns about the global economic outlook and weighing on the US Dollar.

Technical Analysis

From a technical standpoint, the USD/CAD pair remains in a strong bullish trend. On the daily chart, the pair broke through key trend line resistance, marking a fresh high. This breakout has formed a new support zone, which could provide a solid foundation for further upside. A more granular look at the 4-hour chart reveals the formation of an Inverse Head and Shoulders (IHS) pattern, indicating a continuation of the bullish trend. The recent high point of the pair coincides with the exact location of the broken trend line resistance, which further confirms the strength of the support zone.

On the 1-hour chart, the IHS pattern is once again confirmed, adding confluence to the bullish outlook. The 30-minute chart also reveals another IHS formation, reinforcing the likelihood of continued upward momentum. Given these technical signals, traders should consider positioning for long trades in anticipation of further gains in USD/CAD, particularly if the pair maintains its break above 1.4300.

TRADE RECOMMENDATION

BUY USDCAD

ENTRY PRICE: 1.4350

STOP LOSS: 1.4260

TAKE PROFIT: 1.4470

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

The Japanese Yen extends its strong recovery against the US Dollar, buoyed by hawkish Bank of Japan expectations and a broader risk-off sentiment in global markets.

SELL USDJPY

EXP

TRADING

149.350

Entry Price

146.600

152.000

147.204 -2.041 -1.37%

0.0

Pips

Flat

146.600

Exit Price

149.350

Entry Price

152.000

The Japanese Yen (JPY) continues its impressive rebound, marking its second consecutive day of strong gains against the US Dollar (USD). By early European trading on Monday, the USD/JPY pair had tumbled to a one-week low, extending Friday’s sharp recovery from multi-week lows. The rally in the Yen has been fueled by a confluence of factors, including heightened risk aversion, firming expectations of a Bank of Japan (BoJ) rate hike, and persistent worries over the US economic outlook.

The risk-off sentiment dominating global markets has been exacerbated by escalating trade tensions between the United States and key global economies. US President Donald Trump sent shockwaves through financial markets last week by imposing a sweeping 25% tariff on all non-American automobiles. Over the weekend, reports surfaced that the Trump administration is considering an even broader range of tariffs to take effect on April 2, a move that could further strain international trade relationships.

Additionally, Trump’s latest stance on Russian oil has added another layer of uncertainty. The president indicated he is prepared to impose secondary tariffs of up to 50% on nations that purchase Russian crude, a direct move to pressure Moscow over its actions in Ukraine. Compounding geopolitical tensions, Trump has also threatened Ukrainian President Volodymyr Zelenskiy with economic consequences over an alleged attempt to withdraw from a key rare earth minerals deal. These uncertainties have driven investors toward safe-haven assets, with the Japanese Yen emerging as a key beneficiary.

Expectations of further rate hikes by the Bank of Japan have further fueled the Yen’s strength. Friday’s data revealed that Tokyo’s consumer inflation remains above the BoJ’s 2% target, reinforcing market bets that the central bank will stay on a tightening path. The BoJ’s latest Summary of Opinions from the March meeting also indicated a growing consensus among policymakers that further interest rate hikes may be necessary if inflation and economic conditions align with projections.

This stands in stark contrast to expectations surrounding the Federal Reserve. The US central bank remains on a cautious path, with increasing speculation that it may resume rate cuts later this year to support an economy facing growing recession risks. The divergence in monetary policy between the BoJ and the Fed has provided a solid foundation for JPY appreciation, with investors pricing in a potential narrowing of the yield gap between US and Japanese government bonds.

Recent US economic indicators have done little to support the Greenback, with data pointing to persistent inflationary pressures and slowing growth. The Commerce Department’s latest report showed that the Personal Consumption Expenditures (PCE) Price Index—widely regarded as the Fed’s preferred inflation gauge—rose 0.3% in February, matching expectations. However, the core PCE measure, which excludes volatile food and energy prices, posted a higher-than-expected 0.4% monthly increase, the sharpest rise since early 2024. On an annual basis, core inflation stood at 2.8%, fueling concerns that inflation remains stubbornly high.

Further signs of economic stress emerged from consumer spending data, which rebounded 0.4% in February following a downwardly revised 0.3% decline in January. While this suggests resilience in household expenditures, the University of Michigan’s consumer sentiment survey painted a more concerning picture. The report revealed that Americans’ 12-month inflation expectations surged to a 2.5-year high in March, reigniting fears of stagflation—a scenario characterized by sluggish economic growth and persistent inflation.

Technical Analysis

USD/JPY has entered a decisive bearish phase, breaking below key technical support levels and signaling further downside potential. The latest intraday price action confirms a breach of an ascending correctional price channel, which had guided the pair’s short-term recovery. This breakdown, coupled with a failure to hold the 50-period Simple Moving Average (SMA), reinforces the likelihood of sustained downward momentum.

The bearish flag pattern that has formed suggests a continuation of the prior downtrend. The pattern's "pole" points to a measured move target around 148.30. The pair has also been capped by the 100-period Moving Average (MA), acting as dynamic resistance. A close below the flag confirms a breakdown, with further selling pressure expected. In addition, if the pair breaks below the 200-MA, it would signal a deeper bearish shift, potentially paving the way for a more extended decline.

Key support levels to watch are 148.30 and 146.60. The 148.30 level aligns with the previous swing low and is the immediate target for bears. Should the decline extend further, 146.60 becomes the next key level, coinciding with a significant Fibonacci retracement level from the 2021-2023 rally.

TRADE RECOMMENDATION

SELL USDJPY

ENTRY PRICE: 149.35

STOP LOSS: 152.00

TAKE PROFIT: 146.60

Risk Warnings and Disclaimers

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Manuel

Forex

Economic

Summary:

The pair decisively broke below the 100-day and 200-day moving averages, both of which were converging around 0.6310.

SELL AUDUSD

Close Time

CLOSED

0.63000

Entry Price

0.62000

0.63600

0.62853 -0.00100 -0.16%

20.3

Pips

Profit

0.62000

0.62797

Exit Price

0.63000

Entry Price

0.63600

The core Personal Consumption Expenditures (PCE) price index, which excludes food and energy costs, increased by 0.4% in February compared to January. On a yearly basis, it advanced 2.8%, slightly exceeding economists’ expectations, according to data released by the Bureau of Economic Analysis on Friday. Meanwhile, inflation-adjusted consumer spending rose by just 0.1% after experiencing its sharpest decline in nearly four years in January, a drop economists largely attributed to adverse weather conditions.

The U.S. economy expanded at a faster pace than initially estimated in the fourth quarter, while a key inflation measure was revised downward. According to the Bureau of Economic Analysis' third estimate released on Thursday, annualized GDP grew by 2.4% from October to December. At the same time, the Fed’s preferred inflation gauge—the core PCE price index—was revised down to 2.6%, reflecting a notable downward adjustment.

Stronger-than-expected GDP growth was fueled by upward revisions in net exports, government spending, and business investment. However, consumer spending, which accounts for nearly two-thirds of economic activity, was revised slightly lower but still posted a solid 4% growth rate. Looking ahead, economists widely anticipate a slowdown in economic expansion in 2025 as businesses and households grow increasingly wary of President Donald Trump’s economic policies. The administration’s aggressive trade stance has led Fed officials to downgrade their projections, with major Wall Street firms like Goldman Sachs and Morgan Stanley also lowering their forecasts.

Consumer confidence in the U.S. took a sharp hit in March, dropping to a four-year low amid growing concerns over rising costs and economic uncertainty tied to the Trump administration’s intensifying tariff policies. The Conference Board’s latest report, released Tuesday, showed a steep decline in its consumer confidence index, which fell 7.2 points to 92.9—significantly below the median forecast of 94 from economists surveyed by Bloomberg. Expectations for the next six months plummeted nearly 10 points to 65.2, marking the weakest reading in over a decade, while the gauge of present conditions also saw a modest decline.

On the global stage, the Reserve Bank of Australia (RBA) is expected to maintain a cautious approach toward future rate adjustments as inflation risks—partly driven by U.S. trade policies—continue to weigh on its policy outlook.

Despite these concerns, recent economic data from Australia has shown resilience, with March’s preliminary Purchasing Managers’ Index (PMI) data indicating robust activity across key sectors.

The Composite PMI climbed to a seven-month high of 51.3, up from 50.6 in February.

The Manufacturing PMI surged to a 29-month high, rising from 50.4 to 52.6.

The Services PMI reached a two-month high at 51.2, improving from 50.8.

However, inflationary pressures in Australia’s services sector—particularly in rental prices and financial services—remain a concern, keeping the RBA’s policy direction uncertain. Selling Pressure Could Extend Toward the Next Support_1

Selling Pressure Could Extend Toward the Next Support_1

Technical Analysis

AUD/USD has faced strong bearish momentum following the release of the U.S. PCE report, which supported the dollar. The pair decisively broke below the 100-day and 200-day moving averages, both of which were converging around 0.6310. This technical breakdown could signal further downside potential, with sellers likely targeting the 0.6200 region—levels not seen since March 4. Meanwhile, the last local high was recorded on February 20, when the pair briefly touched 0.6408.

Additionally, AUD/USD appears to be forming a well-defined downtrend, with price action repeatedly rejecting the upper boundary of the descending channel. After a period of consolidation, the pair seems poised for another leg lower. The RSI found strong resistance at 57 and has now declined to 42, placing it in neutral-bearish territory but not yet in oversold conditions. This setup could encourage sellers to attempt a more aggressive breakdown, potentially accelerating bearish momentum.

Trading Recommendations

Trading direction: Sell

Entry price: 0.6290

Target price: 0.6120

Stop loss: 0.6260

Validity: Apr 04, 2025 15:00:00

Risk Warnings and Disclaimers

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Eva Chen

Forex

Central Bank

Summary:

Tokyo's inflation data came in stronger than anticipated, bolstering the case for the Bank of Japan (BoJ) to hike interest rates as early as May. Signs are emerging that price pressures are broadening across both goods and services sectors.

BUY USDJPY

Close Time

CLOSED

149.500

Entry Price

155.300

148.000

147.204 -2.041 -1.37%

47.8

Pips

Profit

148.000

149.978

Exit Price

149.500

Entry Price

155.300

Fundamentals

Japan's March Tokyo CPI YoY rate came in at 2.9%, higher than the revised 2.8% in February and above the market expectation of 2.7%. Meanwhile, the core inflation rate rose to 2.4%, surpassing the widely expected 2.2%.

Despite a slight decline in the prices of fresh food and utilities for the month, broader inflationary pressures persist. This trend has strengthened the market's long-standing view that the Bank of Japan will hike rates in May.

However, the BOJ March monetary policy meeting minutes released on Friday revealed growing market concerns over the consequences of U.S. trade policies, particularly the risk that new tariffs could have a negative impact on Japan's real economy.

One board member warned that downside risks from the U.S. have "risen sharply." If the tariff issue escalates, it could have a "negative impact" on Japan's real economy. Should trade tensions intensify, the BOJ should be "particularly cautious" when considering further rate hikes.

Other members also expressed similar concerns, noting that tariff threats, global supply chain disruptions, and intense competition from low-priced Chinese products have increased market uncertainty.

This tone indicates that policymakers are closely monitoring how these factors affect inflation expectations, wage growth, and investment (especially among small and medium-sized enterprises).

Another opinion paper pointed out that as underlying CPI inflation approaches the 2% target, the BOJ should be prepared to shift from an accommodative policy to a "neutral" stance.

Overall, the BOJ still believes that interest rate normalization has its path, contingent on the realization of its inflation outlook. However, recent developments in global trade and domestic corporate performance will determine the pace and timing of the next steps.

Bulls Hold Back as Inflation and Trade Risks Weigh on Yen_1

Technical Analysis

USDJPY has maintained an upward trend for the third consecutive day, fully reversing the 0.7% decline on Tuesday. Currently, the price has "solidified" above the 150.00 support level and is poised to break through 151.20 for further gains.

However, bulls seem in no hurry to assert their strong position, as fundamentals do not favor further yen depreciation. The market may need to retrace again to confirm the presence of a solid bottom.

In the short term, a strong resistance level is expected to remain at 151.20 to complete the corrective rebound from 146.52. If the price breaks down below the 149.53 support level, it will first retest 146.52. If the market continues to trade below 146.32, the downtrend from 158.86 to the 139.57 support level will resume.

Trading Recommendations

Trading Direction: Buy

Entry Price: 149.50

Target Price: 155.30

Stop Loss: 148.00

Valid Until: April 12, 2025, 23:55:00

Support: 150.00/149.50/149.07

Resistance: 151.25/151.30/151.66

Risk Warnings and Disclaimers

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Adam

Forex

Summary:

On March 28, 2025, the EUR/AUD pair was trading around 1.7210. European economic data improved, while pressure from the Australian economy gradually decreased. Technical indicators showed signs of recovery and a possible breakout of the resistance at 1.7270, opening up a buying opportunity with a potential new upside momentum towards 1.7417...

BUY EURAUD

Close Time

CLOSED

1.72103

Entry Price

1.74170

1.72000

1.73951 +0.01593 +0.92%

10.3

Pips

Loss

1.72000

Exit Price

1.72103

Entry Price

1.74170

Overview

Amid improving economic data from the Eurozone and concerns about a slowdown in the Australian economy, EUR/AUD is showing signs of recovery after a period of correction. The price is currently trading around 1.7210, setting the stage for a technical breakout.

Support levels are clearly defined around 1.6990, while the key resistance lies at 1.7270. A break above 1.7270 would consolidate the uptrend and pave the way for further upside momentum towards the target of 1.7417.

Market psychology

Eurozone investors are turning bullish, as positive economic data bolsters confidence in the strength of the euro. Conversely, domestic pressures in Australia are easing, contributing to a favorable balance for EUR/AUD.

The general sentiment currently suggests an uptrend if prices break through technical resistance.

Technical analysis

EUR/AUD Rebounds Strongly: Buying Opportunity as it Breaks Above Oversold Zone_1

On the EUR/AUD chart, the Bollinger Bands with settings of 20,0,2 show that the price has reached the oversold zone and started to recover. The Ichimoku system (9,26,52) shows an increasing trend as the price is approaching the cloud, while the indicator

Stochastic (5,3,3) supports a buy signal as oversold conditions improve. The first resistance level is identified at 1.7270; if the price breaks through this level, the next target could be 1.7417. Strong support from 1.6990 ensures that the risk is limited in case of a correction.

Trading Recommendations

Entry: 1.721

Take Profit: 1.7417

Stop Loss: 1.7200

If EUR/AUD maintains its upward momentum and breaks above 1.7270, the long-term uptrend will be confirmed, opening the door for further upside. However, investors should closely monitor support and resistance levels and new economic data to adjust their trading strategies to suit their investment goals and risk tolerance.

Risk Warnings and Disclaimers

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Trading in an Elevated Range

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Gold Prices Surge as Trump’s Tariff Decision Sends Markets into Safe-Haven Mode

USD/CAD Climbs to Near 1.4360 as Canadian Dollar Weakens Amid Trump’s Tariff Threat

Technical Analysis

USD/JPY Extends Losses as BoJ Rate Hike Bets Strengthen

Technical Analysis

Selling Pressure Could Extend Toward the Next Support

Technical Analysis

Bulls Hold Back as Inflation and Trade Risks Weigh on Yen

Fundamentals

Technical Analysis

Trading Recommendations

EUR/AUD Recovers Strongly: Buying Opportunity as Oversold Zone Breaks Out

Overview

Market psychology

Technical analysis

Trading Recommendations

Risk Disclosure