Top Forex Brokers – Forex Weekly news and analysis For April 7-13, 2025
On the Monthly chart, EURUSD is testing a major trendline, with the 100-MA providing additional resistance.
•A break above the 1.1200 resistance could trigger a rise toward 1.2200.
•If the price bounces off the resistance, it may fall toward the 1.0520 support level.
NZDUSD is breaking below the expanding channel and approaching the 0.5640 support level. The RSI crosses the mid-line down, suggesting a further decline.
• Consider a short trade if the price breaks below the 0.5640 support, targeting 0.5560.
USDCHF is moving sideways and retesting the crucial 0.8400 support zone. The price has breached below the Bollinger Band, indicating a potential end to the bearish movement.
• If the price bounces from the 0.8400 support zone, USDCHF could rise toward the 0.8600 resistance and potentially reach 0.8840.
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