Weekly Market Outlook for AUDNZD, EURGBP,  AUDCAD, NZDCHF and EURNZD (April 6 – April 11, )

The FX market continues to reflect shifting momentum across key pairs. Sellers remain dominant in AUDNZD and EURNZD, while signs of bullish recovery appear in NZDCHF, AUDCAD, and EURGBP. Volatility, as seen through the Bollinger Bands, suggests potential for continued price action.

AUDNZD

Major Bias: Bearish

AUDNZD continues to slide as bearish pressure drives price action lower. The pair has plunged from the 1.09120 level down to the 1.07000 support zone. After buyers failed to break through the 1.10120 resistance, bears took full control. The Bollinger Band indicator reflects expanding momentum, suggesting further downside remains likely.

EURNZD

Major Bias: Bearish

EURNZD’s bullish momentum has waned after reaching a new all-time high near the 2.0000 mark. Sellers are beginning to assert pressure, signaling a possible trend shift or deeper retracement. With Bollinger Band volatility increasing, traders should watch for confirmation of a sustained bearish reversal or temporary pullback.

NZDCHF

Major Bias: Bearish

NZDCHF faced a bearish breakout after sellers breached the 0.50310 key level. Following a Bollinger Band compression breakout, the pair dropped significantly, reaching the 0.46000 level. While buyers are attempting to regain control, the overall trend remains bearish. A sustained recovery would require strong bullish momentum.

AUDCAD

Major Bias: Bullish

AUDCAD has shown signs of a bullish fightback. After bouncing from the 0.84400 support zone, buyers have pushed the price up toward the 0.87410 resistance area. Despite earlier bearish dominance, Stochastic Oscillator readings suggest increasing bullish momentum, as buyers aim to sustain upward pressure.

EURGBP

Major Bias: Bullish

EURGBP buyers continue to build momentum, recently pressing toward the 0.87600 resistance zone. Though a pullback occurred, bulls appear optimistic about further upside. The Bollinger Band expansion highlights increased volatility, while bulls may target a break above the 0.87200 zone in the near term.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

[xyz-ihs snippet="Markets"]