Forex Daily Forecast, Analysis and Prediction

The US dollar stabilized against the Japanese yen on Good Friday, hovering above key support at ¥142 as traders assess trade deal prospects and risk appetite.

The Australian dollar pulled back from strong resistance at 0.64 during thin Good Friday trading, with key EMAs suggesting short-term consolidation.

The British pound continues to consolidate against the yen, with bullish momentum building toward a potential breakout above the key ¥190 resistance level.

The British pound remains elevated against the US dollar, but overbought conditions and fading momentum point to a possible pullback or range formation.

The British pound holds steady against the Swiss franc on low-volume Good Friday trading, signaling potential support and a base for a longer-term recovery.

The US dollar holds at its 200-day EMA against the Mexican peso, with 20 acting as a crucial pivot point as traders eye either a bounce or deeper pullback.

Bitcoin remains rangebound between $75K and $90K, holding steady near the 200-day EMA despite broader market volatility and potential catalysts ahead.

EUR/USD continues its bullish trend amid thin trading, with 1.12 acting as key support and 1.15 in focus, though overbought conditions hint at possible consolidation.

USD/ZAR trades lower in thin holiday markets near 18.69, with light volume and wide spreads cautioning traders ahead of full market reopening on Tuesday.

BTC/USD is consolidating within a bullish pennant pattern near $85K, with a breakout likely as Fed uncertainty and dollar weakness fuel crypto momentum.

The AUD/USD pair is testing key resistance at 0.6400, and a confirmed breakout could lead to further gains as US dollar weakness and bullish momentum persist.

GBP/USD continues its strong uptrend, fueled by a weaker US dollar, firm BoE stance, and bullish technical indicators pointing to a potential move toward 1.3425.

EUR/USD continues its bullish surge, driven by a cup and handle breakout, ECB rate cuts, and US dollar weakness amid recession fears and political pressure on the Fed.

The EUR/USD has gone into this long holiday weekend near the 1.13962 level, this as financial institutions prepare for the potential of more tariff noise confronting them in the coming days.