Forex News Timeline

AUD/NZD trades near the 1.0800 zone after modest gains in Friday’s session.Short-term indicators favor buyers, despite mixed longer-term signals.Key support levels hold below, while resistance aligns near recent highs.The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of the day’s range, suggesting that buyers maintain control despite some longer-term resistance levels. The immediate outlook is supported by rising short-term averages, though broader challenges remain.From a technical perspective, the pair is flashing a bullish overall signal. The Relative Strength Index remains neutral near 55, indicating balanced momentum without immediate overbought conditions. The Moving Average Convergence Divergence confirms the broader uptrend with a buy signal, reinforcing the positive tone. Meanwhile, the Bull Bear Power and Ultimate Oscillator are both neutral, highlighting the absence of extreme momentum in either direction.The short-term trend structure is supportive of further gains. The 10-day and 20-day Simple Moving Averages, positioned below the current price, both slope upward, providing dynamic support for the ongoing uptrend. However, the longer-term 100-day and 200-day Simple Moving Averages remain above current levels and continue to trend lower, suggesting that broader selling pressure may still limit the upside over the medium term.Support is located at 1.0837, 1.0825, and 1.0811. Resistance is found at 1.0866, 1.0883, and 1.0925. A break above the immediate resistance zone could confirm a broader breakout, while a move below support might trigger a short-term correction, potentially testing the lower end of the recent range.Daily Chart

USD/JPY trades near 145.00 after failing to hold gains above 146.20, pressured by a softer US Dollar and mixed US data.Japan’s March Overall Household Spending rose 2.10% y/y, beating expectations, while US stagflation risks linger as Fed officials warn of persistent inflation.Key technical levels include support at 144.82, 144.79, and 144.49, with resistance at 146.16, 146.31, and 148.30.USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day. The retreat reflects a broader softening in the US Dollar, which reversed sharply as investors reassessed the US-UK trade deal and looked ahead to critical US-China negotiations this weekend in Switzerland. The US Dollar Index (DXY), which measures the value of the USD against six major currencies, fell to 100.30 after peaking at 100.86, reflecting growing market skepticism over the strength of recent US trade agreements.The US economic outlook remains mixed, with Fed officials highlighting the risk of stagflation. Governor Barr recently noted that higher tariffs could disrupt global supply chains, pushing up inflation while potentially slowing economic growth and raising unemployment. Despite this, the Atlanta Fed GDPNow model has maintained a solid Q2 growth estimate of 2.30% SAAR, reflecting steady, if cautious, optimism. However, the market remains wary, with recent data suggesting that the US economy may face significant headwinds if trade tensions escalate.In Japan, recent data surprised to the upside, with Overall Household Spending for March rising 2.10% y/y, well above the 0.20% forecast and sharply reversing the prior month’s -0.50% decline. This improvement in consumer spending is a positive sign for the Japanese economy, potentially reducing the pressure on the Bank of Japan (BoJ) to intervene in the yen market.Technical AnalysisUSD/JPY is currently trading near 145.00, with a bearish bias reinforced by several key technical signals. The 50-day EMA at 146.16 and 50-day SMA at 146.31 both indicate downward pressure, as do the 100-day SMA at 150.46 and 200-day SMA at 149.57, which remain firmly in sell territory. The 20-day SMA at 143.17 provides some support, but momentum indicators are mixed, with the RSI at 52.54 (neutral) and MACD flashing a buy signal.Key support levels for the pair are identified at 144.82, 144.79, and 144.49, while resistance sits at 146.16, 146.31, and 148.30. A break below the 144.80 level could trigger further downside, while a recovery above 146.30 would be needed to confirm a bullish reversal.Daily Chart

EUR/JPY trades around the 164.00 zone after a modest pullback in Friday’s session.Broader bias remains bullish, with supportive trend indicators offsetting mixed momentum signals.Key support levels sit just below, while resistance aligns near recent highs.The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains. Despite the minor dip, the broader outlook remains positive, supported by a cluster of rising moving averages that continue to provide a strong technical base. Short-term momentum is mixed, but the overall structure remains clearly bullish.Technically, the pair is flashing a bullish overall signal. The Relative Strength Index is neutral around 56, indicating balanced momentum without immediate overbought pressure. The Moving Average Convergence Divergence confirms the broader uptrend with a buy signal, reinforcing the bullish tone. Meanwhile, the Williams Percent Range and Bull Bear Power remain neutral, suggesting that while momentum has slowed, it has not yet reversed.The bullish structure is clearly defined by the positioning of key moving averages. The 20-day, 100-day, and 200-day Simple Moving Averages all lie below current levels and maintain upward slopes, offering strong underlying support. The 10-day Exponential and Simple Moving Averages also sit just under the market, reinforcing the positive outlook as the pair approaches the Asian session.Support levels are identified at 163.07, 162.94, and 162.87. Resistance is seen at 163.94, 164.00, and 164.10. A sustained push above the immediate resistance zone could confirm a broader breakout, while a break below support would likely trigger a short-term correction without significantly altering the overall trend.Daily Chart

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